1. 11.3 - Monetary and Fiscal Policy in the Keynesian Model
- Monetary Policy
- Fiscal Policy
- Application Macroeconomic Policy and the Real Interest
Rate in the 1980s

2. 11.4 - The Keynesian Theory of Business Cycles
and Macroeconomic Stabilization
- Keynesian Business Cycle Theory
- Macroeconomic Stabilization
- Box 11.2 Japanese Macroeconomic Policy in the 1990s
- Supply Shocks in the Keynesian Model
- The Political Environment:
- The Role of the Council of Economic Advisers
in Formulating Economic Policy
- Chapter Summary
- Key Terms
- Key Equations
- Review Questions
- Numerical Problems
- Analytical Problems
- The Conference Board® Exercises
- Appendix 11.A Labor Contracts and Nominal-Wage Rigidity
- Appendix 11.B The Multiplier in the Keynesian Model

3. 12.1 – Unemployment and Inflation: Is There a Trade-Off ?
Macroeconomic Policy: Its Environment and Institutions
Unemployment and Inflation
12.1 – Unemployment and Inflation: Is There a Trade-Off ?
- The Expectations-Augmented Phillips Curve
- The Shifting Curve
- Macroeconomic Policy and the Phillips Curve
- The Long-Run Phillips Curve