Macroeconomics: Canada in the Global Environment |
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To study the forces influencing aggregate buying plans, we summarize the
decisions of households, firms, governments, and foreigners by using an
aggregate demand schedule and an aggregate demand curve. An aggregate
demand ...
To study the forces influencing aggregate buying plans, we summarize the
decisions of households, firms, governments, and foreigners by using an
aggregate demand schedule and an aggregate demand curve. An aggregate
demand ...
˹éÒ 655
AGGREGATE DEMAND Decreases if ♢ Fiscal policy decreases government
spending, increases taxes, or decreases transfer payments ♢ Monetary ...
Aggregate demand is initially ADQ, the same aggregate demand curve as that in
Fig. 24.1 ...
AGGREGATE DEMAND Decreases if ♢ Fiscal policy decreases government
spending, increases taxes, or decreases transfer payments ♢ Monetary ...
Aggregate demand is initially ADQ, the same aggregate demand curve as that in
Fig. 24.1 ...
˹éÒ 864
With no further change in aggregate demand — the aggregate demand curve
remains at AD1 — this process comes to an end when the short-run aggregate
supply curve has shifted to SAS1 in Fig. 31.1(b). At this time, the GDP deflator has
...
With no further change in aggregate demand — the aggregate demand curve
remains at AD1 — this process comes to an end when the short-run aggregate
supply curve has shifted to SAS1 in Fig. 31.1(b). At this time, the GDP deflator has
...
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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