1. Chapter 16. Inflation and Deflation Link to syllabus From page 481 to page 491

2. The Classical Model of the Price Level. Fig. 16-1, p. 477. Done earlier, as Figure 12-16, p. 367.

3. Unemployment and Inflation, 1960s. Figure 16-6,-7 p. 485

4. The Phillips Curve: Concept, and empirical data. (Another text).

5. AD-AS Model, and the Short Run Phillips Curve. Figure 16-8, p. 486.

6. The Phillips Curve and Supply Shocks. Fig. 16-9 p. 487.

7. Expected Inflation and the Short Run Phillips Curve. Fig. 16-10. p. 457.

8. Unemployment and Inflation, 1961-1990. Figure 16-10, p. 489.

9. NAIRU and the Long Run Phillips Curve. Fig. 16-12, p. 459 Attempt at keeping the economy at unemployment less than NAIRU, will result in an increase of inflation (A → B → C).

10. The Classical Model of the Price Level. Fig. 16-1, p. 486. NAIRU and the Long Run Phillips Curve. Fig. 16-11, p. 490 A vertical LRAS is the same as a vertical LRPC. (Can be considered the core of non-interventionist stance).

12. Disinflation Around the World Post-1980. P. 461

13. The Cost of Reducing Inflation. Fig. 16-13, p. 462.

14. Zero Bound (on interest rates) in US History. Fig. 16-14, p. 464. Zero interest rates only in the 1930s

15. Japan’s Lost Decade. Figure 16-15, p. 464.

16. Interest Rates Are Now Very Low. Fig. 16-16, p. 465

17. Inflation and Wages in the U.S. and the Eurozone. Figure 16-3 p. 447 Greater indexing in Europe makes them move more closely together.

18. Cyclical Unemployment and the Output Gap. Figure 16-5 p. 452