Copyright © 2006 Pearson Addison-Wesley. All rights reserved. Chapter 1 What Is Macroeconomics?

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Chapter 1

What Is Macroeconomics?

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Figure 1-1 The Relation Between Actual and Natural Real GDP and the Inflation Rate

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Figure 1-2 The Behavior over Time of Actual and Natural Real GDP and the Actual and Natural Rates of Unemployment

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Figure 1-3 Business Cycles in Volatilia and Stabilia

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Figure 1-4 Basic Business-Cycle Concepts

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Figure 1-5 Economic Growth in Stag-Nation and Speed-Nation

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Figure 1-6 Actual and Natural GDP and Unemployment, 1900–2004 (1 of 2)

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Figure 1-6 Actual and Natural GDP and Unemployment, 1900–2004 (2 of 2)

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Figure 1-6 Actual and Natural GDP and Unemployment, 1900–2004

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Figure 1-7 The Unemployment Rate from 1929–41 Compared with 1992–2004

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Figure 1-8 The German Price Level, 1920–23

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Figure 1-9 Per-Capita Real GDP, South Korea and the Philippines, 1960–2005

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International Perspective How Does U.S. Economic Performance Stack Up?