Unemployment, Inflation, and Growth

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Presentation transcript:

Unemployment, Inflation, and Growth Chapter 17 Unemployment, Inflation, and Growth

GDP and Its Natural Path Figure 17.1 ©2002 South-Western College Publishing

Growth and the Real Wage Figure 17.2A ©2002 South-Western College Publishing

Growth and the Real Wage Figure 17.2B ©2002 South-Western College Publishing

Inflation and Growth (the Classical Case) Figure 17.3 ©2002 South-Western College Publishing

The Third Industrial Revolution? FOCUS ON THE FACTS The Third Industrial Revolution? Box 17.1 ©2002 South-Western College Publishing

Real Wage Growth and Aggregate Supply: The New-Keynesian Model Figure 17.4A ©2002 South-Western College Publishing

Real Wage Growth and Aggregate Supply: The New-Keynesian Model Figure 17.4B ©2002 South-Western College Publishing

Dynamic Aggregate Supply in the New-Keynesian Model Figure 17.5 ©2002 South-Western College Publishing

The History of Inflation, 1949–1969 Figure 17.6A ©2002 South-Western College Publishing

The History of Inflation, 1949–1969 Figure 17.6B ©2002 South-Western College Publishing

Wage, Inflation, and Unemployment Figure 17.7A ©2002 South-Western College Publishing

Wage, Inflation, and Unemployment Figure 17.7B ©2002 South-Western College Publishing

The Three Pieces of the Dynamic New-Keynesian Model Figure 17.8A ©2002 South-Western College Publishing

The Three Pieces of the Dynamic New-Keynesian Model Figure 17.8B ©2002 South-Western College Publishing

The Three Pieces of the Dynamic New-Keynesian Model Figure 17.8C ©2002 South-Western College Publishing

END