Macroeconomics: Canada in the Global Environment |
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AGGREGATE DEMAND Decreases if ♢ Fiscal policy decreases government
spending, increases taxes, or decreases ... increases or foreign income
decreases ♢ Expected inflation, expected incomes, or expected profits decrease
Chapter 24 ...
AGGREGATE DEMAND Decreases if ♢ Fiscal policy decreases government
spending, increases taxes, or decreases ... increases or foreign income
decreases ♢ Expected inflation, expected incomes, or expected profits decrease
Chapter 24 ...
˹éÒ 723
An increase in taxes leads to a decrease in disposable income and a decrease in
expenditure on domestic goods and services — a decrease in autonomous
expenditure. The amount by which autonomous expenditure decreases initially is
...
An increase in taxes leads to a decrease in disposable income and a decrease in
expenditure on domestic goods and services — a decrease in autonomous
expenditure. The amount by which autonomous expenditure decreases initially is
...
˹éÒ 865
Initially, the increase in aggregate demand increases the price level and real
GDP With the economy operating at above full employment, the wage rate rises,
decreasing short-run aggregate supply. If aggregate demand remains constant at
its ...
Initially, the increase in aggregate demand increases the price level and real
GDP With the economy operating at above full employment, the wage rate rises,
decreasing short-run aggregate supply. If aggregate demand remains constant at
its ...
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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