Chapter 10. Economic Fluctuations.

Homework: p. 301 # 1, 2a-c, 3b

Link to syllabus

Fig. 10-1, p. 275. Real GDP Growth in the U.S.

Fig. 10-2, p. 276. Growth in Consumption and Investment

Fig. 10-3.p 277. Unemployment

Fig. 10-4 p. 278. Okun’s Law

Fig. 10-5, p. 286. The AD Curve

Fig. 10-6, p. 287. Shifts in the AD

Curve

Fig. 10-7, p. 289. The Long Run AS Curve

Fig. 10-8, p. 289. Shifts in AD in the Long Run

Fig. 10-9, p. 290. The Short Run AS Curve

Fig. 10-10, p. 291. Shifts in AD in the Short Run.

Fig. 10-11 p. 292. Long Run Equilibrium.

Fig. 10-12, p. 292. A Reduction in AD

Fig. 10-12, p. 292. A Reduction in AD

New SRAS

Fig. 10-13, p. 295. An Increase in AD

Fig. 10-14, p. 297. An Adverse Supply Shock.

Fig. 10-15, p. 297. Accommodating an Adverse Supply Shock.