Deflationary and inflationary gaps Deflationary and inflationary gaps

Deflationary and inflationary gaps

Deflationary and inflationary gaps The deflationary gap

W, J The deflationary gap W J O Ye Y

W, J The deflationary gap Deflationary gap W c O Ye d J YF Y

W, J, E The deflationary gap Y E O Ye YF Y

W, J, E The deflationary gap Y E a b Deflationary gap O Ye YF Y

W, J, E The deflationary gap Y E a b Deflationary gap W c O Ye d J YF Y

Deflationary and inflationary gaps The inflationary gap

W, J The inflationary gap W J O Ye Y

W, J The inflationary gap W J O YF Ye Y

W, J The inflationary gap Inflationary gap W g J h O YF Ye Y

W, J, E The inflationary gap Y E O Ye Y

W, J, E The inflationary gap Y E O Ye Y

The inflationary gap W, J, E Y E e f Inflationary gap O YF Ye Y

The inflationary gap W, J, E Y E e f Inflationary gap W g J h O YF Ye Y

Deflationary and inflationary gaps Unemployment and inflation

Unemployment and inflation Price level AS 1 O YF Y

Unemployment and inflation Price level AS 2 AS 1 O YF Y

Deflationary and inflationary gaps Effects of increases in aggregate demand on national output

The effects of increases in aggregate demand on national output Price level AS O YP National output

The effects of increases in aggregate demand on national output Price level AS AD 4 AD 2 AD 1 O Y 1 Y 2 AD 3 Y 3 National output Y 4 YP