Figure 9.7: Cyclical Unemployment: 1980-2012
(SOURCE: Federal Reserve Economic Data, St. Louis Federal Reserve)
-The figure above shows cyclical unemployment for the years 1980-2012. Using your best guess by looking at the figure, what was the output gap in 1992, 2003, and 2010? What is the change in inflation for those years?

Question

Figure 9.7: Cyclical Unemployment: 1980-2012  
(SOURCE: Federal Reserve Economic Data, St. Louis Federal Reserve)
-The figure above shows cyclical unemployment for the years 1980-2012. Using your best guess by looking at the figure, what was the output gap in 1992, 2003, and 2010? What is the change in inflation for those years?

Quizplus · Accepted Answer

The Answer of Figure 9.7: Cyclical Unemployment: 1980-2012  
(SOURCE: Federal Reserve Economic Data, St. Louis Federal Reserve)
-The figure above shows cyclical unemployment for the years 1980-2012. Using your best guess by looking at the figure, what was the output gap in 1992, 2003, and 2010? What is the change in inflation for those years?