12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply.

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Presentation transcript:

12 SHORT-RUN ECONOMIC FLUCTATIONS

Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply

Copyright©2004 South-Western Figure 1a A Look at Short-Run Economic Fluctuations

Copyright©2004 South-Western Figure 1b A Look at Short-Run Economic Fluctuations

Copyright©2004 South-Western Figure 1c A Look at Short-Run Economic Fluctuations

Copyright©2004 South-Western Figure 2 Aggregate Demand and Aggregate Supply

Copyright©2004 South-Western Figure 3 The Aggregate-Demand Curve

Table 1 The Aggregate-Demand Curve: Summary Copyright©2004 South-Western

Figure 4 The Long-Run Aggregate-Supply Curve

Copyright©2004 South-Western Figure 5 Long-Run Growth and Inflation in the Model of AD and AS

Copyright©2004 South-Western Figure 6 The Short-Run Aggregate-Supply Curve

Table 2 The Short-Run Aggregate-Supply Curve: Summary Copyright©2004 South-Western

Figure 7 The Long-Run Equilibrium

Copyright©2004 South-Western Figure 8 A Contraction in Aggregate Demand

Copyright©2004 South-Western Figure 9 U.S. Real GDP Growth since 1900

Copyright©2004 South-Western Figure 10 An Adverse Shift in Aggregate Supply

Copyright©2004 South-Western Figure 11 Accommodating an Adverse Shift in Aggregate Supply

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