3 figure business cycle ryan w herzog gu chapter 1

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Unformatted text preview: ter 1: Introduction Spring 2014 13 / 24 Macroeconomics Key Economic Variables Real GDP: A measure of economic production Unemployment rate: The percent of the labor force actively looking for work. Inflation rate: The rate of increase in the overall price level. Ryan W. Herzog (GU) Chapter 1: Introduction Spring 2014 14 / 24 Macroeconomics Aggregate Output - Real GDP (figure 1.4) Figure : Aggregate Output (Real GDP) since 1947 Ryan W. Herzog (GU) Chapter 1: Introduction Spring 2014 15 / 24 Macroeconomics Unemployment (figure 1.5) Figure : National Unemployment Rates Ryan W. Herzog (GU) Chapter 1: Introduction Spring 2014 16 / 24 Macroeconomics % Unemployed, > 27 Weeks (figure 1.6) Figure : Median Unemployment Rates Ryan W. Herzog (GU) Chapter 1: Introduction Spring 2014 17 / 24 Macroeconomics Inflation (figure 1.7) Figure : Inflation Ryan W. Herzog (GU) Chapter 1: Introduction Spring 2014 18 / 24 Macroeconomics Inflation - Depression (figure 1.8) Figure : Inflation during the Great Depression Ryan W. Herz...
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This document was uploaded on 03/18/2014 for the course ECON 202 at Gonzaga.

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