Figure 9.7: The Output Gap 1980-2015 
(Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-Figure 9.7 above shows the output gap for the years 1960-2015. Using the Phillips curve and Okun's law, discuss the impacts on inflation and unemployment for the years 1997-2000 and 2008-2015. From this analysis, what is the relationship between unemployment and inflation?
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