Question: Use Figure 9-1 to discuss when, since 1960, the output ratio and the inflation rate moved in the same direction and when they moved in

Use Figure 9-1 to discuss when, since 1960, the output ratio and the inflation rate moved in the same direction and when they moved in opposite directions.
In Figure 9-1

Inflation and the Output Ratio Have No Systematic Relation 12 0 Inflation rate 8 1960 1965 1970 975 1980 1985 1990 1995 2000 2005 2010 110 105 100 Output ratio 1960 1965 1970 1975 1980 985 1990 995 2000 2005 2010

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