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Figure 12.1 The Fed Reaction Rule
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Figure 12.2 Changing AD Equilibrium due to the Fed Reaction
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Figure 12.3 The Aggregate Demand Equilibrium Curve
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Figure 12.4 The Effect of Expansionary Fiscal Policy or Increased Confidence
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Figure 12.5 The Effect of a Lower Target Inflation Rate
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Figure 12.6 The Aggregate Supply Response (ASR) Curve
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Figure 12.7 An Increase in Inflationary Expectations
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Figure 12.8 A Beneficial Supply Shock
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Figure 12.9 An Economy in Recession
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Figure 12.10 Unemployment and Inflation in the United States, 1963-1965
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Figure 12.11 Expansionary Fiscal Policy When the Economy Starts in a Recession
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Figure 12.12 Unemployment and Inflation in the United States, 1963-1969
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Figure 12.13 Expansionary Fiscal Policy When the Economy is at Full Employment
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Figure 12.14 Unemployment and Inflation in the United States, 1963-1973
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Figure 12.15 Contractionary Fiscal Policy and Rising Inflationary Expectations
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Figure 12.16 Unemployment and Inflation in the United States, 1963-1976
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Figure 12.17 The Immediate Effect of the Oil Price Shock
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12.18 Medium-Run Adjustment to the Oil Price Shock
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Figure 12.19 Unemployment and Inflation in the United States 1963-1983
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Figure 12.20 The Immediate Effect of a Lowered Inflation Target
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Figure 12.21 The Medium-Run Effect of a Lowered Inflation Target
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Figure 12.22 Unemployment and Inflation in the United States, 1983-2004
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Figure 12.23 Unemployment and Inflation in the United States, 1992-1999
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Figure 12.24 The Effects of Technological Innovation
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Figure 12.25 The Classical Aggregate Supply Curve
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(a)(b) Figure 12.26 Business Cycles
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Figure 12.27 Expansionary Monetary Policy with Rational Expectations
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