The relation between Inflation and Unemployment From our all market model as established in the last time, we could find a negative relation between inflation and unemployment(please consider how?) Yet. this is only reflected in a theoretical model. how about in empiric?The Relation between Inflation and Unemployment • From our all market model as established in the last time, we could find a negative relation between inflation and unemployment (please consider how?) • Yet, this is only reflected in a theoretical model, how about in empiric?