1. INFLATION AND UNEMPLOYMENT
PART THREE
INFLATION AND UNEMPLOYMENT

2. Aggregate Demand, Aggregate Supply, and the Self-Correcting Economy
Chapter 7
Aggregate Demand, Aggregate Supply, and the Self-Correcting Economy

3. Figure 7-1 Effect on Real Income of Different Values of the Price Level
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4. Figure 7-2 The Effect on the AD Curve of a Doubling of the Nominal Money Supply
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5. Figure 7-3 The Effect on the AD Curve of a Decline in Planned Autonomous Spending
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6. Figure 7-4 Effect of a Rightward Shift in the AD Curve with Three Alternative Short-Run Aggregate Supply Curves
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7. Figure 7-5 The Labor Demand Curve, the Production Function, and the Short-Run Aggregate Supply Curve
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8. Figure 7-6 The Short-Run Aggregate Supply Curve for Two Different Values of the Wage Rate, W0 and W1

9. Figure 7-7 Determination of the Equilibrium Real Wage Rate

10. Figure 7-8 Effects on the Price Level and Real Income of an Increase in Planned Autonomous Spending from AD0 to AD1
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11. Figure 7-9 Effect of a Decline in Planned Spending When the Price Level Is Perfectly Flexible

12. Figure The Lack of Effect of a Drop in the Price Level When There Is a Failure of Self-Correction
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13. International Perspective Deflation Deepens Japan’s Dilemma
Source: OECD Economic Outlook, December 2001.

14. Figure 7-11 Effect of a Decline in Planned Spending When the Nominal Rate Is Fixed at W0
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15. Figure The Price Level (P) and the Ratio of Actual to Natural Real GDP (Y/YN) During the Great Depression, 1929–41
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