1. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. RUDIGER DORNBUSCH STANLEY FISCHER RICHARD STARTZ macroeconomics ELEVENTH EDITION

2. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. Chapter Six Aggregate Supply: Wages, Prices, and Unemployment

3. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 6-3 The Dynamic Return to Long-Run Aggregate Supply

4. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 6-4 Nonlinear Aggregate Supply

5. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 6-5 Adjustment Paths of Price Level and Output

6. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 6-6 The U.S. Civilian Unemployment Rate, 1959-2002

7. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 6-7 The Original Phillips Curve for the United Kingdom

8. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 6-8 Relationship of Inflation and Unemployment: U.S. 1961-1969

9. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 6-9 Relationship of Inflation and Unemployment: U.S. 1961-2002

10. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 6-10 Inflation Expectations and the Short- Run Phillips Curve

11. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 6-11 Relationship of Changes in Inflation and Unemployment Rates

12. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 6-12 The Wage-Employment Relation

13. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 6-13 The Aggregate Supply Curve

14. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 6-14 The Real Price of Oil, 1959-2001

15. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 6-15 Adverse Supply Shock Resulting From an Increase in the Price of Oil

16. McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. 6-16 The Relative Price of Computing, 1987-2002