1. CHAPTER 4 CHAPTER 4 Inflation, Real GDP, And Business Cycles
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
CHAPTER 4
Where’s the Beef? Inflation, Real GDP, and Business Cycles
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2. Exhibit 4-1 Inflation Rate: Weighted Average of Percentage Price Changes
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3. Exhibit 4-2 Coverage Differences Among the GDP Price Index, Producer Price Index, and Consumer Price Index
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4. Exhibit 4-3 Real Versus Nominal GDP
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5. Exhibit 4-4 Real Versus Nominal GDP
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6. Exhibit 4-5 Deriving the Price Index: Base Year = 2009
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7. Exhibit 4-6 Calculating Real GDP Using Nominal GDP and Price Index
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8. Exhibit 4-7 U.S. Nominal GDP, GDP Price Index, And Real GDP, 2000-2012
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9. Exhibit 4-8 Recessions and Expansions During the Business Cycle
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10. Exhibit 4-9 Procyclical, Countercyclical, and Acyclical Marcroecomonic Variables
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11. Exhibit 4-10 U.S. Consumer Price Index Categories, March 2013
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12. Exhibit 4-11 England: Consumer Price Index, 1998-2012
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13. Exhibit 4-12 Measuring Compound Annual Inflation Rates
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14. Exhibit 4-13 Example of Countries with Very High Inflation Rates, 1973-2008
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15. Exhibit Continued
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16. Exhibit 4-13 Continued
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17. Exhibit 4-14 U.S. Leading Economic Indicators
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18. Exhibit 4-14 Continued
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19. Exhibit 4-15 U. S. Recessions and Movements in U. S
Exhibit 4-15 U.S. Recessions and Movements in U.S. Real GDP: 1947 (I) To 2013 (I)
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20. Exhibit 4-16 U.S. Business Cycle Expansions and Contractions: 1945–2012
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21. Exhibit 4-16 Continued
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22. Exhibit 4-17 Possible Ways to Tame the Business Cycle
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