Macroeconomics: Canada in the Global Environment |
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Changes in Real Income An increase in real income shifts the demand curve for
real money to the right and a decrease shifts it to the left. The effect of real income
on the demand curve for real money is shown in Fig. 27.3. The table shows the ...
Changes in Real Income An increase in real income shifts the demand curve for
real money to the right and a decrease shifts it to the left. The effect of real income
on the demand curve for real money is shown in Fig. 27.3. The table shows the ...
˹éÒ 794
The aggregate expenditure curve (AE) tells us aggregate planned expenditure at
each level of real GDP. Aggregate planned expenditure is made up of
autonomous expenditure and induced expenditure. Investment is part of
autonomous ...
The aggregate expenditure curve (AE) tells us aggregate planned expenditure at
each level of real GDP. Aggregate planned expenditure is made up of
autonomous expenditure and induced expenditure. Investment is part of
autonomous ...
˹éÒ 820
Equilibrium and Aggregate Demand | mm quilibrium real GDP and the BHHi
interest rate are shown in Fig. A29.3, which brings together the IS curve and the
LM curve. This equilibrium is the point of intersection of the IS curve and LM
curve.
Equilibrium and Aggregate Demand | mm quilibrium real GDP and the BHHi
interest rate are shown in Fig. A29.3, which brings together the IS curve and the
LM curve. This equilibrium is the point of intersection of the IS curve and LM
curve.
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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