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Unemployment, Inflation, and Growth

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Presentation on theme: "Unemployment, Inflation, and Growth"— Presentation transcript:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

17 END


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