1. © 2007 Pearson Addison-Wesley. All rights reserved Chapter 19 The Money Supply, the Price Level, and the Balance of Payments

2. 19-2 Copyright © 2007 Pearson Addison-Wesley. All rights reserved. Figure 19.1 Effects of a Monetary Expansion over Time

3. 19-3 Copyright © 2007 Pearson Addison-Wesley. All rights reserved. Figure 19.2 Patterns of Deviation from Purchasing Power Parity

4. 19-4 Copyright © 2007 Pearson Addison-Wesley. All rights reserved. Figure 19.3 Two Hundred Years of Purchasing Power Parity between the Dollar and the Pound

5. 19-5 Copyright © 2007 Pearson Addison-Wesley. All rights reserved. Figure 19.4 Nominal and Real Exchange Rates Both Became More Volatile After 1973 (continued)

6. 19-6 Copyright © 2007 Pearson Addison-Wesley. All rights reserved. Figure 19.4 Nominal and Real Exchange Rates Both Became More Volatile After 1973 (concluded)

7. 19-7 Copyright © 2007 Pearson Addison-Wesley. All rights reserved. Table 19.1 PPP in Great Hyperinflations of the Twentieth Century

8. 19-8 Copyright © 2007 Pearson Addison-Wesley. All rights reserved. Figure 19.5 PPP in Great Hyperinflations of the Twentieth Century

9. 19-9 Copyright © 2007 Pearson Addison-Wesley. All rights reserved. Figure 19.B.1 Effects of a Fiscal Expansion over Time

10. 19-10 Copyright © 2007 Pearson Addison-Wesley. All rights reserved. Figure 19.B.2 Effect of a Devaluation over Time

11. 19-11 Copyright © 2007 Pearson Addison-Wesley. All rights reserved. Figure 19.C.1 Monetary Expansion in the Monetarist, Small-Country Model

12. 19-12 Copyright © 2007 Pearson Addison-Wesley. All rights reserved. Figure 19.C.2 Devaluation in the Monetarist, Small-Country Model

13. 19-13 Copyright © 2007 Pearson Addison-Wesley. All rights reserved. Figure 19.S.1 Monetary Expansion in the Monetarist, Two-Country Model