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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 McGraw-Hill/Irwin © 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.