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At Full Employment: The Classical Model

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.

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At Full Employment: The Classical Model

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  1. 23 CHAPTER At Full Employment: The Classical Model

  2. FIGURE 23.1 (a) Production Possibilities and the Production Function

  3. FIGURE 23.1 (b) Production Possibilities and the Production Function

  4. FIGURE 23.2 The Demand for Labor

  5. FIGURE 23.2 (tbl) The Demand for Labor FIGURE 23.2 (tbl) The Demand for Labor

  6. FIGURE 23.3 (a) Marginal Product and the Demand for Labor

  7. FIGURE 23.3 (b) Marginal Product and the Demand for Labor

  8. FIGURE 23.4 The Supply of Labor

  9. FIGURE 23.4 (tbl) The Supply of Labor

  10. FIGURE 23.5 Labor Market Equilibrium

  11. FIGURE 23.6 (a) The Labor Market andPotential GDP

  12. FIGURE 23.6 (b) The Labor Market andPotential GDP

  13. FIGURE 23.7 Job Search Unemployment

  14. FIGURE 23.8 The Demand for LoanableFunds

  15. FIGURE 23.8 (tbl) The Demand for Loanable Funds

  16. FIGURE 23.9 The Supply of LoanableFunds

  17. FIGURE 23.9 (tbl) The Supply of Loanable Funds

  18. FIGURE 23.10 Equilibrium in the LoanableFunds Market

  19. FIGURE 23.11 (a) Full Employment in theUnited States: 1986 and 2005

  20. FIGURE 23.11 (b) Full Employment in theUnited States: 1986 and 2005

  21. Reading between the linesFigure 1 Labor markets in 2005

  22. Reading between the linesFigure 2 Production functions in 2005

  23. THE END

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