Macroeconomics: Canada in the Global Environment |
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Households own the factors of production and are free to use those factors and
the incomes they receive from the sale of their services in ... Households own all
the factors of production and sell the services of those factors in factor markets.
Households own the factors of production and are free to use those factors and
the incomes they receive from the sale of their services in ... Households own all
the factors of production and sell the services of those factors in factor markets.
˹éÒ 1046
Chapter 38 Households choose the quantity of each factor of production to sell,
and firms that organize production choose ... flow in a clockwise direction from
households to firms and back to households through the factors and goods
markets.
Chapter 38 Households choose the quantity of each factor of production to sell,
and firms that organize production choose ... flow in a clockwise direction from
households to firms and back to households through the factors and goods
markets.
˹éÒ 1075
Factor cost The value of a good measured by adding together the costs of all the
factors of production used to produce it. Factor incomes approach A measure of
GDP obtained by adding together all the incomes paid by firms to households for
...
Factor cost The value of a good measured by adding together the costs of all the
factors of production used to produce it. Factor incomes approach A measure of
GDP obtained by adding together all the incomes paid by firms to households for
...
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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