Macroeconomics: Canada in the Global Environment |
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In studying aggregate supply, we distinguish between two macroeconomic time
frames: the short run and the long run. Two Macroeconomic Time Frames The
macroeconomic short-run is a period during which the prices of goods and
services ...
In studying aggregate supply, we distinguish between two macroeconomic time
frames: the short run and the long run. Two Macroeconomic Time Frames The
macroeconomic short-run is a period during which the prices of goods and
services ...
˹éÒ 662
Figure 24.7 Macroeconomic Equilibrium — 160 h 150 140 h J 130 120 h 1 10 h 0
" 500 550 600 650 700 750 Real GDP (billions of 1986 dollars) Macroeconomic
equilibrium occurs when real GDP demanded equals real GDP supplied.
Figure 24.7 Macroeconomic Equilibrium — 160 h 150 140 h J 130 120 h 1 10 h 0
" 500 550 600 650 700 750 Real GDP (billions of 1986 dollars) Macroeconomic
equilibrium occurs when real GDP demanded equals real GDP supplied.
˹éÒ 674
Distinguish between macroeconomic short- run and long-run. What is short-run
aggregate supply? BF1 What is the difference between short-run aggregate
supply and the aggregate quantity of goods and services supplied? KTJ
Distinguish ...
Distinguish between macroeconomic short- run and long-run. What is short-run
aggregate supply? BF1 What is the difference between short-run aggregate
supply and the aggregate quantity of goods and services supplied? KTJ
Distinguish ...
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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