INTRODUCTION AND MEASUREMENT PART ONE INTRODUCTION AND MEASUREMENT

What Is Macroeconomics? Chapter 1 What Is Macroeconomics?

Figure 1-1 The Relation Between Actual and Natural Real GDP and the Inflation Rate Copyright © 2003 by Pearson Education, Inc.

Figure 1-2 The Behavior over Time of Actual and Natural Real GDP and the Actual and Natural Rates of Unemployment Copyright © 2003 by Pearson Education, Inc.

Figure 1-3 Business Cycles in Volatilia and Stabilia Copyright © 2003 by Pearson Education, Inc.

Figure 1-4 Basic Business-Cycle Concepts Copyright © 2003 by Pearson Education, Inc.

Figure 1-5 Economic Growth in Stag-Nation and Speed-Nation Copyright © 2003 by Pearson Education, Inc.

Figure 1-6 Actual and Natural GDP and Unemployment, 1900–2001 Copyright © 2003 by Pearson Education, Inc.

Figure 1-7 The Unemployment Rate from 1929–41 Compared with 1989–2001 Copyright © 2003 by Pearson Education, Inc.

Figure 1-8 The German Price Level, 1920–23 Copyright © 2003 by Pearson Education, Inc.

Figure 1-9 Per-Capita Real GDP, South Korea and the Philippines, 1960–2000 Copyright © 2003 by Pearson Education, Inc.

International Perspective How Does U.S. Economic Performance Rank?