Demand-Pull Inflation/Recession

Demand-Pull Business Cycle

Stagflation: Cost-Push Cycle

Supply-Side Cycle

Demand-Pull and Supply-side Cycles

Why the Unemployment Rate is Never Zero
Natural Unemployment			1. Frictional Unemployment
			2. Structural Unemployment
3. Cyclical Unemployment

Phillips Curve

Phillips Family

© 2007 Vanderbilt