Macroeconomics: Canada in the Global Environment |
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They are ♢ Expected inflation ♢ Expected future incomes ♢ Expected future
profits Expected Inflation An increase in the expected inflation rate, other things
remaining the same, leads to an increase in aggregate demand. The higher the ...
They are ♢ Expected inflation ♢ Expected future incomes ♢ Expected future
profits Expected Inflation An increase in the expected inflation rate, other things
remaining the same, leads to an increase in aggregate demand. The higher the ...
˹éÒ 870
That forecast is constructed by forecasting the expected aggregate demand curve
(EAD) and the expected short-run aggregate supply curve {ESAS). The rational
expectation of the price level occurs at the point of intersection of curves EAD ...
That forecast is constructed by forecasting the expected aggregate demand curve
(EAD) and the expected short-run aggregate supply curve {ESAS). The rational
expectation of the price level occurs at the point of intersection of curves EAD ...
˹éÒ 874
With an expected inflation rate of 10 percent a year and a natural rate of
unemployment of 6 percent, the short-run Phillips curve ... increases
unemployment and lowers inflation — a movement down the short-run Phillips
curve. than expected.
With an expected inflation rate of 10 percent a year and a natural rate of
unemployment of 6 percent, the short-run Phillips curve ... increases
unemployment and lowers inflation — a movement down the short-run Phillips
curve. than expected.
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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