Macroeconomics: Canada in the Global Environment |
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Equilibrium Expenditure quilibrium expenditure occurs when aggregate planned
expenditure equals real GDP. At levels of real GDP below equilibrium, planned
expenditure exceeds real GDP; at levels of real GDP above equilibrium, planned
...
Equilibrium Expenditure quilibrium expenditure occurs when aggregate planned
expenditure equals real GDP. At levels of real GDP below equilibrium, planned
expenditure exceeds real GDP; at levels of real GDP above equilibrium, planned
...
˹éÒ 705
Equilibrium Expenditure Figure 25.11 Equilibrium Expenditure and Real GDP 5
1,000 •* 760 :5 600 440 -S 200 Real GDP exceeds planned expenditure * 100 h -
100 -240 (a) Equilibrium expenditure 400 240 600 800 1 ,000 Real GDP (billions
...
Equilibrium Expenditure Figure 25.11 Equilibrium Expenditure and Real GDP 5
1,000 •* 760 :5 600 440 -S 200 Real GDP exceeds planned expenditure * 100 h -
100 -240 (a) Equilibrium expenditure 400 240 600 800 1 ,000 Real GDP (billions
...
˹éÒ 794
Equilibrium Expenditure Part (c) shows the determination of equilibrium
expenditure. This diagram is similar to the one that you studied in Chapter 25 (Fig
. 25.11a). The aggregate expenditure curve (AE) tells us aggregate planned
expenditure ...
Equilibrium Expenditure Part (c) shows the determination of equilibrium
expenditure. This diagram is similar to the one that you studied in Chapter 25 (Fig
. 25.11a). The aggregate expenditure curve (AE) tells us aggregate planned
expenditure ...
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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