Macroeconomics: Canada in the Global Environment |
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... The demand for tapes Decreases if ♢ The price of a substitute falls ♢ The
price of a complement rises ♢ Income falls* ♢ The price of a tape is expected to
fall in the future ♢ The population decreases Increases if ♢ The price of a tape
falls ...
... The demand for tapes Decreases if ♢ The price of a substitute falls ♢ The
price of a complement rises ♢ Income falls* ♢ The price of a tape is expected to
fall in the future ♢ The population decreases Increases if ♢ The price of a tape
falls ...
˹éÒ 77
When the price of the Walkman falls, the demand curve for tapes shifts rightward.
... rise in the price of the good produces a decrease in the quantity demanded,
and a fall in the price of the good produces an increase in the quantity demanded
.
When the price of the Walkman falls, the demand curve for tapes shifts rightward.
... rise in the price of the good produces a decrease in the quantity demanded,
and a fall in the price of the good produces an increase in the quantity demanded
.
˹éÒ 925
A fall in aggregate demand (due to pessimism about future profits, for example)
unexpectedly shifts the aggregate demand curve to ADr Real GDP falls to $550
billion, and the GDP deflator falls to 125. The economy is in a recession.
A fall in aggregate demand (due to pessimism about future profits, for example)
unexpectedly shifts the aggregate demand curve to ADr Real GDP falls to $550
billion, and the GDP deflator falls to 125. The economy is in a recession.
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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