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Chapter 31
Unemployment
and the Foundations
of Aggregate Supply
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T-230
Figure 31-1
How Do Growth in Potential Output and Cost
Increases Affect Aggregate Supply?
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In Reality,Aggregate Supply Shifts Combine
Cost Increases and Increased Potential Output
T-231
Figure 31-2
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AS Is Relatively Flat in the Short Run
but Turns Vertical in the Long Run
T-232
Figure 31-3
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Labor-Force Status of the
Population,1999
T-233
Figure 31-4
Source,U.S,Department f L bor,Employment and Earnings,
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Okun’s Law Illustrated,1955-1999
T-234
Figure 31-5
Sou ce,U.S,Departm nts of Commerce and Labor,
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Inflexible Wages Can Lead
to Involuntary Unemployment
T-235
Figure 31-6
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Most Unemployment in the United
States is Short-Term
T-236
Figure 31-7
Source,U.S,Department of Labor,Employment and Earnin s,January 2000,
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Distribution of Unemployment
by Reason,1999
T-237
Figure 31-8
Source,U.S,Department f L bor,Employmen and Earnings,
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Unemployment Rates
of Different Groups
T-238
Figure 31-9
Source,U.S,Depar m nt of Labor
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Unemployment in the United States
and Europe
T-239
Figure 31-10
Source:U.S,Department of Labor and OECD,