Macroeconomics: Canada in the Global Environment |
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The Business Cycle he business cycle is the periodic but irregular up-and-down
movement in economic activity, measured by fluctuations in real GDP and other
macroeconomic variables. As we've just seen, real GDP can be divided into two ...
The Business Cycle he business cycle is the periodic but irregular up-and-down
movement in economic activity, measured by fluctuations in real GDP and other
macroeconomic variables. As we've just seen, real GDP can be divided into two ...
˹éÒ 613
The Business Cycle contraction turns into an expansion. A trough occurred in
1982. A peak is the upper turning point of a business cycle, where an expansion
turns into a contraction. A peak occurred in 1988. A recession occurs if a ...
The Business Cycle contraction turns into an expansion. A trough occurred in
1982. A peak is the upper turning point of a business cycle, where an expansion
turns into a contraction. A peak occurred in 1988. A recession occurs if a ...
˹éÒ 615
The Business Cycle that the stock market tells us where the economy is heading.
The stock market moved in sympathy with, but slightly ahead of, the contraction
and expansion of real GDP and the rise and fall in the unemployment rate. But do
...
The Business Cycle that the stock market tells us where the economy is heading.
The stock market moved in sympathy with, but slightly ahead of, the contraction
and expansion of real GDP and the rise and fall in the unemployment rate. But do
...
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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