1. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. CHAPTER 10 Price and Output Fluctuations

2. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-1 Aggregate Supply Curve

3. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-2 Keynesian, Classical, and Intermediate Ranges of the Aggregate Supply Curve

4. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit M10-1 Disequilibrium in the Labor Market

5. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-3 An Increase in the AS Curve

6. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-4 Summary of the Major Exogenous Factors Affecting Aggregate Supply

7. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-5 Aggregate Demand Curve

8. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-6 Why Does AD Slope Downward? Purchasing Power Effect

9. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-7 Why Does AD Slope Downward? Real Money Supply Effect

10. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-8 Why Does AD Slope Downward? Wealth Effect

11. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-9 Why Does AD Slope Downward? Net Export Effect

12. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-10 An Increase in the AD Curve

13. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-11 Exogenous Factors That Influence Personal Consumption

14. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-12 Exogenous Factors That Influence Gross Private Domestic Investment

15. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-13 Exogenous Factors That Influence Government Spending

16. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-14 Exogenous Factors That Influence Net Exports

17. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-15 Major Factors Causing a Change in Aggregate Demand

18. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-16 Aggregate Supply Curve and Aggregate Demand Curve

19. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-17 Macroeconomic Equilibrium: Desired Aggregate Demand Equals Desired Aggregate Supply

20. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-18 Macroeconomic Disequilibrium

21. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-19 Macroeconomic Disequilibrium

22. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-20 Demand-Pull Inflation: Changes in Aggregate Demand and Its Effect on Real GDP and the GDP Price Index

23. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-21 Short-Run Phillips Curve Relationship

24. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-22 U.S. Phillips Curve Relationship, 1959–1968 Source: Federal Reserve Bank of St. Louis, Economic Data—FRED II, http://research.stlouisfed.org/fred2/ series/GDPC1/downloaddata (accessed January 14, 2006).

25. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-23 Phillips Curve Relationship, 1959–2006 Source: U.S. Department of Labor, Bureau of Labor Statistics, Labor Force Statistics from the Current Population Survey, Consumer Price Index, http://www.bls.gov/data/home.htm (accessed October 14, 2006).

26. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-24 Cost-Push Inflation

27. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-25 Example 1: The Bank Of Canada Loosens the Money Supply

28. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-26 Example 2: Value of Thai Baht Depreciates

29. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Exhibit 10-27 Germany Reduces Income Taxes and Government Spending

30. Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. Economic Information for Switzerland, 2001–2005