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Figure 8-1 Deriving the Keynesian Aggregate Demand Schedule COPYRIGHT 2001 by South-Western, a division of Thomson Learning.

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Presentation on theme: "Figure 8-1 Deriving the Keynesian Aggregate Demand Schedule COPYRIGHT 2001 by South-Western, a division of Thomson Learning."— Presentation transcript:

1 Figure 8-1 Deriving the Keynesian Aggregate Demand Schedule COPYRIGHT 2001 by South-Western, a division of Thomson Learning

2 Figure 8-2 The Effect of an Increase in the Money Stock in Aggregate Demand COPYRIGHT 2001 by South-Western, a division of Thomson Learning

3 Figure 8-3 The Effect of an Increase in Government Spending on Aggregate Demand COPYRIGHT 2001 by South-Western, a division of Thomson Learning

4 Figure 8-4 The Keynesian Aggregate Supply Schedule with Wage Inflexibility COPYRIGHT 2001 by South-Western, a division of Thomson Learning

5 Figure 8-5 The Keynesian Aggregate Supply Schedule with Imperfect Information COPYRIGHT 2001 by South-Western, a division of Thomson Learning

6 Figure 8-6 Equilibrium in the Keynesian Market for Real Output COPYRIGHT 2001 by South-Western, a division of Thomson Learning

7 Figure 8-7 The Price and Output Effects of a Rise in Government Expenditures COPYRIGHT 2001 by South-Western, a division of Thomson Learning

8 Figure 8-8 The Price and Output Effects of a Rise in the Money Stock COPYRIGHT 2001 by South-Western, a division of Thomson Learning

9 Figure 8-9 Inflation and Unemployment Rates in the United States, 1961-1969 COPYRIGHT 2001 by South-Western, a division of Thomson Learning

10 Figure 8-10 The Theoretical Basis for the Phillips Curve COPYRIGHT 2001 by South-Western, a division of Thomson Learning

11 Table 8-1 The Costs of Inflation and Inflation Variability COPYRIGHT 2001 by South-Western, a division of Thomson Learning

12 Figure 8-11 Inflation and Unemployment Rates in the United States, 1971-1991 COPYRIGHT 2001 by South-Western, a division of Thomson Learning

13 Figure 8-12 Aggregate Supply and the Phillips Curve in the Short Run and the Long Run COPYRIGHT 2001 by South-Western, a division of Thomson Learning

14 Figure 8-13 Political Business Cycles COPYRIGHT 2001 by South-Western, a division of Thomson Learning

15 Figure 8-14 U.S. Inflation and Unemployment Rates since 1985 COPYRIGHT 2001 by South-Western, a division of Thomson Learning

16 Figure 8-15 Factors Influencing the U.S. Inflation Rate since 1979 COPYRIGHT 2001 by South-Western, a division of Thomson Learning A) Key factors that contributed to wholesale-goods inflation

17 Figure 8-15 Factors Influencing the U.S. Inflation Rate since 1979 COPYRIGHT 2001 by South-Western, a division of Thomson Learning B) The main factors accounting for lower inflation in the late 1990s may have been declining fringe benefits, import prices, and energy prices.

18 Figure 8-16 Increased U.S. Product Market Competition and Implications for Short- and Long-Run Phillips Curves COPYRIGHT 2001 by South-Western, a division of Thomson Learning


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