Macroeconomics: Canada in the Global Environment |
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˹éÒ 724
To find out, we must combine the two multipliers that we have just worked out. We
've seen that those two separate multipliers are Government purchases multiplier
= — -g Tax multiplier = . (1- g) Adding these two multipliers together gives the ...
To find out, we must combine the two multipliers that we have just worked out. We
've seen that those two separate multipliers are Government purchases multiplier
= — -g Tax multiplier = . (1- g) Adding these two multipliers together gives the ...
˹éÒ 733
Summary The autonomous expenditure multiplier (or simply, the multiplier) is the
change in equilibrium real GDP divided by the change in autonomous
expenditure that brought it about. The size of the multiplier depends on the
marginal ...
Summary The autonomous expenditure multiplier (or simply, the multiplier) is the
change in equilibrium real GDP divided by the change in autonomous
expenditure that brought it about. The size of the multiplier depends on the
marginal ...
˹éÒ 734
Key Terms Automatic stabilizer, 725 Autonomous expenditure, 714 Autonomous
expenditure multiplier, 717 Balanced budget multiplier, 723 Econometric model,
731 Government purchases multiplier, 722 Induced expenditure, 714 Marginal ...
Key Terms Automatic stabilizer, 725 Autonomous expenditure, 714 Autonomous
expenditure multiplier, 717 Balanced budget multiplier, 723 Econometric model,
731 Government purchases multiplier, 722 Induced expenditure, 714 Marginal ...
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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