In general, there is: a positive relationship between unemployment and inflation. an inverse relationship between unemployment and inflation. an inverse relationship between GDP and inflation. a positive relationship between GDP and unemployment. D 8. Which of the following best describes the relationship between the Fed and the presidential administration? The Fed must receive approval by the administration before conducting monetary policy, The Fed must implement a monetary policy specifically to the support the administration's policy. The administration must receive approval from the Fed before implementing fiscal policy