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ELEVENTH EDITION
macroeconomics
RUDIGER DORNBUSCH
STANLEY FISCHER
RICHARD STARTZ
McGraw-Hill/Irwin
© 2004 The McGraw-Hill Companies, Inc., All Rights Reserved.
Chapter Fourteen
Investment Spending
McGraw-Hill/Irwin
© 2004 The McGraw-Hill Companies, Inc., All Rights Reserved.
14-3
Relationship of Private Investment to
GDP, 1959-2002
McGraw-Hill/Irwin
© 2004 The McGraw-Hill Companies, Inc., All Rights Reserved.
14-4
Marginal Product of Capital in Relation
to the Capital Stock
McGraw-Hill/Irwin
© 2004 The McGraw-Hill Companies, Inc., All Rights Reserved.
14-5
Shift of the Marginal-Product Schedule
McGraw-Hill/Irwin
© 2004 The McGraw-Hill Companies, Inc., All Rights Reserved.
14-6
Demand for Capital Stock and Flow of
Investment
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© 2004 The McGraw-Hill Companies, Inc., All Rights Reserved.
14-7
Adjustment of the
Capital Stock
McGraw-Hill/Irwin
© 2004 The McGraw-Hill Companies, Inc., All Rights Reserved.
14-8
Components of Investment as a
Percentage of GDP, 1959-2002
McGraw-Hill/Irwin
© 2004 The McGraw-Hill Companies, Inc., All Rights Reserved.
14-9
Residential Investment and Mortgage
Interest Rates, 1973-2002
McGraw-Hill/Irwin
© 2004 The McGraw-Hill Companies, Inc., All Rights Reserved.
14-10
Ratio of Manufacturing Inventories to Sales
McGraw-Hill/Irwin
© 2004 The McGraw-Hill Companies, Inc., All Rights Reserved.
14-11
Change in GDP and the Level of
Inventory Investment
McGraw-Hill/Irwin
© 2004 The McGraw-Hill Companies, Inc., All Rights Reserved.
14-12
Sales and Output in Recession and
Recovery, 1981-1983
McGraw-Hill/Irwin
© 2004 The McGraw-Hill Companies, Inc., All Rights Reserved.