1. Inflation: Its Causes and Cures
Chapter 8
Inflation: Its Causes and Cures

2. Figure 8-1 Relationship of the Short-Run Aggregate Supply Curve (SAS) to the Short-Run Phillips Curve (SP)
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3. Figure 8-2 Effect on the Short-Run Phillips Curve of an Increase in the Expected Inflation Rate (pe) from Zero to 3 Percent
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4. Figure 8-3 The Adjustment Path of Inflation and Real GDP to an Acceleration of Nominal GDP Growth from Zero to 6 Percent When Expectations Fail to Adjust

5. Figure 8-4 Effect on Inflation and Real GDP of an Acceleration of Demand Growth from Zero to 6 Percent
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6. Figure 8-5 Initial Effect on Inflation and Real GDP of a Slowdown in Nominal GDP Growth from 10 Percent to 4 Percent
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7. Figure 8-6 Adjustment Path of Inflation and Real GDP to a Policy That Cuts Nominal GDP Growth from 10 Percent in 1980 to 4 Percent in 1981 and Thereafter
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8. Figure 8-7 The Inflation Rate and the Output Ratio, 1980–95
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9. International Perspective Did Disinflation in Europe Differ from That in the United States?
Source: OECD Economic Outlook, December 2001.
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10. Figure 8-8 Four-Quarter Growth Rates of the GDP Deflator and Nominal GDP and the Level of Nominal and Real Oil Prices, 1970–2001
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11. Figure 8-9 The Unemployment Rate and the Inflation Rate, 1960–2002
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12. Figure The Effect on the Inflation Rate and the Output Ratio of an Adverse Supply Shock That Shifts the SP Curve Upward by 3 Percent

13. Figure 8-11 Effect of Adverse Supply Shocks in the 1970s and Beneficial Supply Shocks in the 1990s
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14. Figure The Inflation Rate, the Actual Unemployment Rate, and the Natural Rate of Unemployment, 1980–2001
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15. Figure Responses of the Inflation Rate (p) and the Output Ratio (Y/YN) to Shifts in Nominal GDP Growth and in the SP Curve
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16. Figure 8-14
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17. Figure 8-15
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