Macroeconomics: Canada in the Global Environment |
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Let's now turn to our final topic, deficits. Government Deficit and International
Deficit I f you spend more than you earn HI in a given period, you have a deficit.
To cover your deficit, you have to borrow or sell off some of the things that you
own.
Let's now turn to our final topic, deficits. Government Deficit and International
Deficit I f you spend more than you earn HI in a given period, you have a deficit.
To cover your deficit, you have to borrow or sell off some of the things that you
own.
˹éÒ 945
The Sources of the Deficit the deviation of unemployment from the natural rate.
To see the connection between the deficit and the business cycle, look at Fig.
34.4. This figure shows the federal deficit and the unemployment rate. As you can
...
The Sources of the Deficit the deviation of unemployment from the natural rate.
To see the connection between the deficit and the business cycle, look at Fig.
34.4. This figure shows the federal deficit and the unemployment rate. As you can
...
˹éÒ 950
Chapter 34 The Federal Deficit Figure 34.5 The Real Deficit and the Nominal
Deficit 6 • 4 • 2 • 0 • -2 • -4 • -6 Nominal deficit • -8 • 1970 Year 1975 1980 1990
The real deficit removes the effects of inflation from interest rates and from the ...
Chapter 34 The Federal Deficit Figure 34.5 The Real Deficit and the Nominal
Deficit 6 • 4 • 2 • 0 • -2 • -4 • -6 Nominal deficit • -8 • 1970 Year 1975 1980 1990
The real deficit removes the effects of inflation from interest rates and from the ...
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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