1. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-1 At Full Employment: The Classical Model CHAPTER 23

2. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-2 FIGURE 23.1 (a) Production Possibilities and the Production Function

3. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-3 FIGURE 23.1 (b) Production Possibilities and the Production Function

4. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-4 FIGURE 23.2 The Demand for Labor

5. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-5 FIGURE 23.2 (tbl) The Demand for Labor

6. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-6 FIGURE 23.3 (a) Marginal Product and the Demand for Labor

7. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-7 FIGURE 23.3 (b) Marginal Product and the Demand for Labor

8. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-8 FIGURE 23.4 The Supply of Labor

9. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-9 FIGURE 23.4 (tbl) The Supply of Labor

10. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-10 FIGURE 23.5 Labor Market Equilibrium

11. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-11 FIGURE 23.6 (a) The Labor Market and Potential GDP

12. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-12 FIGURE 23.6 (b) The Labor Market and Potential GDP

13. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-13 FIGURE 23.7 Job Search Unemployment

14. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-14 FIGURE 23.8 The Demand for Loanable Funds

15. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-15 FIGURE 23.8 (tbl) The Demand for Loanable Funds

16. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-16 FIGURE 23.9 The Supply of Loanable Funds

17. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-17 FIGURE 23.9 (tbl) The Supply of Loanable Funds

18. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-18 FIGURE 23.10 Equilibrium in the Loanable Funds Market

19. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-19 FIGURE 23.11 (a) Full Employment in the United States: 1986 and 2005

20. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-20 FIGURE 23.11 (b) Full Employment in the United States: 1986 and 2005

21. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-21 Reading between the lines Figure 1 Labor markets in 2005

22. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-22 Reading between the lines Figure 2 Production functions in 2005

23. Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23-23 THE END