1. Copyright©2004 South-Western 35 The Short-Run Tradeoff between Inflation and Unemployment

2. Copyright©2004 South-Western Figure 1 The Phillips Curve

3. Copyright©2004 South-Western Figure 2a How the Phillips Curve Is Related to the Model of AD and AS

4. Copyright©2004 South-Western Figure 2b How the Phillips Curve Is Related to the Model of AD and AS

5. Copyright©2004 South-Western Figure 3 The Long-Run Phillips Curve

6. Copyright©2004 South-Western Figure 4 How the Long-Run Phillips Curve Is Related to the Model of AD and AS

7. Copyright©2004 South-Western Figure 5 How Expected Inflation Shifts the Short- Run Phillips Curve

8. Copyright©2004 South-Western Figure 6 The Phillips Curve in the 1960s

9. Copyright©2004 South-Western Figure 7 The Breakdown of the Phillips Curve

10. Copyright©2004 South-Western Figure 8a An Adverse Shock to Aggregate Supply

11. Copyright©2004 South-Western Figure 8b An Adverse Shock to Aggregate Supply

12. Copyright©2004 South-Western Figure 9 The Supply Shocks of the 1970s

13. Copyright©2004 South-Western Figure 10 Disinflationary Monetary Policy in the Short Run and Long Run

14. Copyright©2004 South-Western Figure 11 The Volcker Disinflation

15. Copyright©2004 South-Western Figure 12 The Greenspan Era