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CFO10e_ch14macro14

CFO10e_ch14macro14

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Published by Thalia Sanders
MACROECONOMICS
MACROECONOMICS

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Categories:Types, School Work
Published by: Thalia Sanders on May 06, 2013
Copyright:Attribution Non-commercial

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01/16/2014

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   P   A   R   T   I   I   I   T   h  e   C  o  r  e  o   f   M  a  c  r  o  e  c  o  n  o  m   i  c   T   h  e  o  r  y
© 2012 Pearson Education, Inc. Publishing as Prentice Hall
 
Prepared by: Fernando Quijano & Shelly Tefft
CASE FAIR OSTER
P R I N C I P L E S O F
MACROECONOMICS
T E N T H E D I T I O N
 
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   P   A   R   T   I   I   I   T   h  e   C  o  r  e  o   f   M  a  c  r  o  e  c  o  n  o  m   i  c   T   h  e  o  r  y
© 2012 Pearson Education, Inc. Publishing as Prentice Hall
 
3 of 29
   P   A   R   T   I   I   I   T   h  e   C  o  r  e  o   f   M  a  c  r  o  e  c  o  n  o  m   i  c   T   h  e  o  r  y
© 2012 Pearson Education, Inc. Publishing as Prentice Hall
CHAPTER OUTLINE
14
The Labor Market inthe Macroeconomy
The Labor Market: Basic ConceptsThe Classical View of the Labor Market
 
The Classical Labor Market and the Aggregate Supply CurveThe Unemployment Rate and the Classical View
Explaining the Existence of Unemployment
Sticky WagesEfficiency Wage TheoryImperfect InformationMinimum Wage LawsAn Open Question
The Short-Run Relationship between theUnemployment Rate and Inflation
The Phillips Curve: A Historical PerspectiveAggregate Supply and Aggregate Demand Analysis and thePhillips CurveExpectations and the Phillips CurveInflation and Aggregate Demand
The Long-Run Aggregate Supply Curve, PotentialOutput, and the Natural Rate of Unemployment
The Nonaccelerating Inflation Rate of Unemployment(NAIRU)
Looking Ahead

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