Macroeconomics: Canada in the Global Environment |
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The Price Level and Inflation GDP Deflator The GDP deflator measures the
average level of prices of all the goods and services that make up GDP. You can
think of GDP as being like a balloon that is being blown up by growing production
of ...
The Price Level and Inflation GDP Deflator The GDP deflator measures the
average level of prices of all the goods and services that make up GDP. You can
think of GDP as being like a balloon that is being blown up by growing production
of ...
˹éÒ 821
Thus with a GDP deflator of 86, an interest rate of 4 percent and real GDP of $4
billion become a point on the LM curve — point h in Fig. A29.4(a). The Curve
Shift The example we have worked through tells us that there is a different LM
curve ...
Thus with a GDP deflator of 86, an interest rate of 4 percent and real GDP of $4
billion become a point on the LM curve — point h in Fig. A29.4(a). The Curve
Shift The example we have worked through tells us that there is a different LM
curve ...
˹éÒ 864
At this time, the GDP deflator has increased to 143 — a 10 percent increase over
its initial level — and real GDP has returned to the level from which it started, its
long-run level. A Price-Wage Inflation Spiral The inflation process we've just ...
At this time, the GDP deflator has increased to 143 — a 10 percent increase over
its initial level — and real GDP has returned to the level from which it started, its
long-run level. A Price-Wage Inflation Spiral The inflation process we've just ...
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Introduction | 1 |
What Is Economics? | 5 |
Making and Using Graphs | 27 |
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aggre aggregate demand curve aggregate expenditure curve aggregate planned expenditure aggregate supply curve amount autonomous expenditure Bank of Canada billion hours billions of 1986 business cycle capital cars Chapter consumption expenditure consumption function curve for real decrease deficit deposits disposable income dollars equilibrium expenditure example expected exports factors factors of production falls Figure firms fiscal policy fluctuations GDP deflator government purchases graph growth households inflation rate investment demand curve long-run aggregate supply macroeconomic marginal propensity ment million tapes monetary policy money supply money wage rate multiplier open market operation opportunity cost output percent Phillips curve price level production possibility frontier quantity demanded quantity of labour quantity of money quantity of real quantity supplied Real GDP billions real GDP increases real interest rate real wage rate recession relationship rises short-run aggregate supply slope tapes a week taxes tion trade transfer payments unemployment rate