lec ch6 part (2)

lec ch6 part (2) - Growth Cycles Historical Data Our...

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Historical Data Growth & Cycles
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Our Macroeconomic Concerns • Growth and Cycles – Goal: High growth rate • Inflation – Goal: Low and stable inflation rate • Unemployment – Goal: Low unemployment rate
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Consumer Price Index (CPI) Year Bread Price of Bread Eggs Price of Eggs Cost of Living CPI 1983 $ 1.50 $ 0.75 $ 15 75 1984 8 $ 2.00 4 $ 1.00 $ 20 100 1985 $ 2.05 $ 1.25 $ 21 107 1986 $ 2.15 $ 1.50 $ 23 116
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0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 1929 1934 1939 1944 1949 1954 1959 1964 1969 1974 1979 1984 1989 1994 1999 2004 U.S. Annual Real GDP (1929-2008) Billions of Chained 2000 Dollars
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$10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 1952 1955 1958 1961 1964 1967 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 Real GDP Per Capita (1952-2008) Chained 2005 Dollars
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2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 1949 1951 1953 1955 1958 1960 1962 1964 1967 1969 1971 1973 1976 1978 1980 1982 1985 1987 1989 1991 1994 1996 1998 2000 2003 2005
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lec ch6 part (2) - Growth Cycles Historical Data Our...

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