at full employment: the classical model
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23. CHAPTER. At Full Employment: The Classical Model. FIGURE 23.1 (a) Production Possibilities and the Production Function. FIGURE 23.1 (b) Production Possibilities and the Production Function. FIGURE 23.2 The Demand for Labor. FIGURE 23.2 (tbl) The Demand for Labor. - PowerPoint PPT PresentationTRANSCRIPT
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At Full Employment: The Classical Model
CHAPTER23
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FIGURE 23.1 (a) Production Possibilities and the Production Function
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FIGURE 23.1 (b) Production Possibilities and the Production Function
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FIGURE 23.2 The Demand for Labor
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FIGURE 23.2 (tbl) The Demand for LaborFIGURE 23.2 (tbl) The Demand for Labor
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FIGURE 23.3 (a) Marginal Product and the Demand for Labor
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FIGURE 23.3 (b) Marginal Product and the Demand for Labor
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FIGURE 23.4 The Supply of Labor
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FIGURE 23.4 (tbl) The Supply of Labor
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FIGURE 23.5 Labor Market Equilibrium
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FIGURE 23.6 (a) The Labor Market andPotential GDP
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FIGURE 23.6 (b) The Labor Market andPotential GDP
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FIGURE 23.7 Job Search Unemployment
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FIGURE 23.8 The Demand for LoanableFunds
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FIGURE 23.8 (tbl) The Demand for Loanable Funds
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FIGURE 23.9 The Supply of LoanableFunds
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FIGURE 23.9 (tbl) The Supply of Loanable Funds
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FIGURE 23.10 Equilibrium in the LoanableFunds Market
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FIGURE 23.11 (a) Full Employment in theUnited States: 1986 and 2005
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FIGURE 23.11 (b) Full Employment in theUnited States: 1986 and 2005
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Reading between the linesFigure 1 Labor markets in 2005
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Reading between the linesFigure 2 Production functions in 2005
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THE END