Use Figure 9-1 to discuss when, since 1960, the output ratio and the inflation rate moved in
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In Figure 9-1
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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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The output ratio and the rate of inflation both rose from 196466 ...View the full answer
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