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Chapter 8 Business Cycles
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Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-2 Figure 8.1 A business cycle
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8-3 Table 8.1 NBER Business Cycle Turning Points and Durations of Post–1854 Business Cycles
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Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-4 Figure 8.2 Index of industrial production, January 2000–April 2003
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Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-5 Figure 8.3 Total nonfarm employment, January 2000–April 2003
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Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-7 Figure 8.4 Cyclical behavior of the index of industrial production
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Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-8 Figure 8.5 Cyclical behavior of consumption and investment
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Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-9 Figure 8.6 Cyclical behavior of civilian employment
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Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-10 Figure 8.7 Cyclical behavior of the unemployment rate
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Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-11 Figure 8.8 Cyclical behavior of average labor productivity and the real wage
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Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-12 Figure 8.9 Cyclical behavior of nominal money growth and inflation
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Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-13 Figure 8.10 Cyclical behavior of the nominal interest rate
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Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-14 Figure 8.11 Industrial production indexes in six major countries
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Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-15 Figure 8.12 The aggregate demand– aggregate supply model
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Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-16 Figure 8.13 An adverse aggregate demand shock
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Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-17 Figure 8.14 An adverse aggregate supply shock
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