Macroeconomics: Canada in the Global EnvironmentAddison-Wesley, 1994 - 1088 ˹éÒ |
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˹éÒ 707
... price level , other things remain- ing the same , makes current goods and services more costly relative to future goods and services , resulting in a delay in purchases - the intertempo- ral substitution effect . A rise in the price level ...
... price level , other things remain- ing the same , makes current goods and services more costly relative to future goods and services , resulting in a delay in purchases - the intertempo- ral substitution effect . A rise in the price level ...
˹éÒ 849
... Price Level Information The supply of labour depends on the real wage rate - the money wage rate divided by the price level . But when people decide how much labour to supply , they only know the money wage rate being offered . They don ...
... Price Level Information The supply of labour depends on the real wage rate - the money wage rate divided by the price level . But when people decide how much labour to supply , they only know the money wage rate being offered . They don ...
˹éÒ 870
... Price Level Price level ( GDP deflator , 1986 = 100 ) 150 ELAS ESAS 140 130 In the short - run , expected price level depends on the wage ... 120 110 EAD ESASO Price level ( GDP deflator , 1986 = 100 ) ... price level and the wage rate 870.
... Price Level Price level ( GDP deflator , 1986 = 100 ) 150 ELAS ESAS 140 130 In the short - run , expected price level depends on the wage ... 120 110 EAD ESASO Price level ( GDP deflator , 1986 = 100 ) ... price level and the wage rate 870.
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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