İktisada Giriş II Classical Model Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 1 At Full Employment: The Classical Model CHAPTER 23Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 2 FIGURE 23.1 (a) Production Possibilities and the Production FunctionCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 3 FIGURE 23.1 (b) Production Possibilities and the Production FunctionCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 4 FIGURE 23.2 The Demand for LaborCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 5 FIGURE 23.2 (tbl) The Demand for LaborFIGURE 23.2 (tbl) The Demand for LaborCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 6 FIGURE 23.3 (a) Marginal Product and the Demand for LaborCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 7 FIGURE 23.3 (b) Marginal Product and the Demand for LaborCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 8 FIGURE 23.4 The Supply of LaborCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 9 FIGURE 23.4 (tbl) The Supply of LaborCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 10 FIGURE 23.5 Labor Market EquilibriumCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 11 FIGURE 23.6 (a) The Labor Market and Potential GDPCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 12 FIGURE 23.6 (b) The Labor Market and Potential GDPCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 13 FIGURE 23.7 Job Search UnemploymentCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 14 FIGURE 23.8 The Demand for Loanable FundsCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 15 FIGURE 23.8 (tbl) The Demand for Loanable FundsCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 16 FIGURE 23.9 The Supply of Loanable FundsCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 17 FIGURE 23.9 (tbl) The Supply of Loanable FundsCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 18 FIGURE 23.10 Equilibrium in the Loanable Funds MarketCopyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 19 FIGURE 23.11 (a) Full Employment in the United States: 1986 and 2005Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 20 FIGURE 23.11 (b) Full Employment in the United States: 1986 and 2005Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 21 Reading between the lines Figure 1 Labor markets in 2005Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 22 Reading between the lines Figure 2 Production functions in 2005Copyright © 2008 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 23- 23 THE END