Macroeconomics: Canada in the Global EnvironmentAddison-Wesley, 1994 - 1088 ˹éÒ |
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... 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 expected ...
... 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 expected ...
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... 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 and ESAS . To forecast the position of ...
... 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 and ESAS . To forecast the position of ...
˹éÒ 874
... Expected inflation rate b 10 5 C Natural unemployment rate SRPC when the actual inflation rate equals the expected inflation rate . The long - run Phillips curve is vertical at the natural rate of unemployment . It is shown in Fig ...
... Expected inflation rate b 10 5 C Natural unemployment rate SRPC when the actual inflation rate equals the expected inflation rate . The long - run Phillips curve is vertical at the natural rate of unemployment . It is shown in Fig ...
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aggregate demand curve aggregate expenditure curve aggregate planned expenditure aggregate supply curve autonomous expenditure Bank of Canada billions of 1986 business cycle capital cars CHAPTER consumption expenditure consumption function decrease deficit demand and supply disposable income dollars economists effects equilibrium expenditure example expected exports factors of production falls Figure firms fiscal policy fluctuations GDP deflator government purchases graph gross domestic product growth households inflation rate investment demand curve Jane Jane's kilograms of corn labour force long-run aggregate supply macroeconomic marginal propensity ment metre of cloth million tapes monetary policy money supply multiplier 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 interest rate real money real wage rate recession relationship rises short-run aggregate supply tapes a week taxes tion unem unemployment rate variables Walkman