Unit 4 -- Explaining the Business Cycle

Chapter 12 (24) -- Short-term Economic Fluctuations

• Chapter 12 (24) -- Short-term Economic Fluctuations -- Text Website

• Class Power Points on Business Cycle and Okun's Law

• NBER on Business Cycles
• Congressional Budget Office on Potential GDP Survey as of March 2004.

• Answers to Chapter 12 Problems

Chapter 13 (2nd ed) (25) -- Spending and Output in the Short Run

• Chapter 13 (25) -- Aggregate Demand -- Text Website

• Answers to Chapter 13 Problems

• Power Points on Aggregate Demand

Chapter 14 (2nd ed) (25) Stabilizing Aggregate Demand -- the Role of the Fed

• Chapter 14 (26) --Stabilizing Aggregate Demand -- Text Website

• Answers to Chapter 14 Problems

• Power Points on Monetary Policy

The Bureau of Labor Statistics is the primary source for data on the labor force. You should especially check:

• How the government measures unemployment
• Employment Situation (Html)
• Employment Situation (PDF, nicer charts)
• Employment Projections
• Minimum wage careers
  An article by William Carrington and Bruce Fallick in the Monthly Labor Review for April 2001.