12 short-run economic fluctations. copyright©2004 south-western 33 aggregate demand and aggregate...
Post on 22-Dec-2015
219 views
TRANSCRIPT
![Page 1: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/1.jpg)
12
SHORT-RUN ECONOMIC FLUCTATIONS
![Page 2: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/2.jpg)
Copyright©2004 South-Western
3333Aggregate Demand
and
Aggregate Supply
![Page 3: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/3.jpg)
Copyright©2004 South-Western
Figure 1a A Look at Short-Run Economic Fluctuations
![Page 4: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/4.jpg)
Copyright©2004 South-Western
Figure 1b A Look at Short-Run Economic Fluctuations
![Page 5: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/5.jpg)
Copyright©2004 South-Western
Figure 1c A Look at Short-Run Economic Fluctuations
![Page 6: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/6.jpg)
Copyright©2004 South-Western
Figure 2 Aggregate Demand and Aggregate Supply
![Page 7: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/7.jpg)
Copyright©2004 South-Western
Figure 3 The Aggregate-Demand Curve
![Page 8: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/8.jpg)
Table 1 The Aggregate-Demand Curve: Summary
Copyright©2004 South-Western
![Page 9: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/9.jpg)
Copyright©2004 South-Western
Figure 4 The Long-Run Aggregate-Supply Curve
![Page 10: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/10.jpg)
Copyright©2004 South-Western
Figure 5 Long-Run Growth and Inflation in the Model of AD and AS
![Page 11: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/11.jpg)
Copyright©2004 South-Western
Figure 6 The Short-Run Aggregate-Supply Curve
![Page 12: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/12.jpg)
Table 2 The Short-Run Aggregate-Supply Curve: Summary
Copyright©2004 South-Western
![Page 13: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/13.jpg)
Copyright©2004 South-Western
Figure 7 The Long-Run Equilibrium
![Page 14: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/14.jpg)
Copyright©2004 South-Western
Figure 8 A Contraction in Aggregate Demand
![Page 15: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/15.jpg)
Copyright©2004 South-Western
Figure 9 U.S. Real GDP Growth since 1900
![Page 16: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/16.jpg)
Copyright©2004 South-Western
Figure 10 An Adverse Shift in Aggregate Supply
![Page 17: 12 SHORT-RUN ECONOMIC FLUCTATIONS. Copyright©2004 South-Western 33 Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply](https://reader036.vdocuments.site/reader036/viewer/2022062516/56649d7e5503460f94a6164b/html5/thumbnails/17.jpg)
Copyright©2004 South-Western
Figure 11 Accommodating an Adverse Shift in Aggregate Supply