12 short-run economic fluctations. copyright©2004 south-western 33 aggregate demand and aggregate...
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12
SHORT-RUN ECONOMIC FLUCTATIONS
Copyright©2004 South-Western
3333Aggregate Demand
and
Aggregate Supply
Copyright©2004 South-Western
Figure 1a A Look at Short-Run Economic Fluctuations
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Figure 1b A Look at Short-Run Economic Fluctuations
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Figure 1c A Look at Short-Run Economic Fluctuations
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Figure 2 Aggregate Demand and Aggregate Supply
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Figure 3 The Aggregate-Demand Curve
Table 1 The Aggregate-Demand Curve: Summary
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Copyright©2004 South-Western
Figure 4 The Long-Run Aggregate-Supply Curve
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Figure 5 Long-Run Growth and Inflation in the Model of AD and AS
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Figure 6 The Short-Run Aggregate-Supply Curve
Table 2 The Short-Run Aggregate-Supply Curve: Summary
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Copyright©2004 South-Western
Figure 7 The Long-Run Equilibrium
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Figure 8 A Contraction in Aggregate Demand
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Figure 9 U.S. Real GDP Growth since 1900
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Figure 10 An Adverse Shift in Aggregate Supply
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Figure 11 Accommodating an Adverse Shift in Aggregate Supply
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