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Chapter 8
Business Cycles
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Figure 8.1 A business cycle
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Table 8.1 NBER Business Cycle Turning Points and Durations of Post–1854 Business Cycles
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Figure 8.2 Index of industrial production, January 2000–April 2003
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Figure 8.3 Total nonfarm employment, January 2000–April 2003
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Figure 8.4 Cyclical behavior of the index of industrial production
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Figure 8.5 Cyclical behavior of consumption and investment
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Figure 8.6 Cyclical behavior of civilian employment
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Figure 8.7 Cyclical behavior of the unemployment rate
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Figure 8.8 Cyclical behavior of average labor productivity and the real wage
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Figure 8.9 Cyclical behavior of nominal money growth and inflation
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Figure 8.10 Cyclical behavior of the nominal interest rate
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Figure 8.11 Industrial production indexes in six major countries
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Figure 8.12 The aggregate demand–aggregate supply model
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Figure 8.13 An adverse aggregate demand shock
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Figure 8.14 An adverse aggregate supply shock
