Macroeconomics: Canada in the Global Environment |
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The 1982 recession was caused by a slowdown in the growth of aggregate
demand, which resulted mainly from the Bank of Canada's monetary policy. The
period from 1982 to 1989 was one of strong, persistent recovery. Inflation was
rapid ...
The 1982 recession was caused by a slowdown in the growth of aggregate
demand, which resulted mainly from the Bank of Canada's monetary policy. The
period from 1982 to 1989 was one of strong, persistent recovery. Inflation was
rapid ...
˹éÒ 905
Another Great Depression? bank deposits, one of the key events that turned a
fairly ordinary recession into the Great Depression is most unlikely to occur. It
was the fear of bank failure that caused people to withdraw their deposits from
banks.
Another Great Depression? bank deposits, one of the key events that turned a
fairly ordinary recession into the Great Depression is most unlikely to occur. It
was the fear of bank failure that caused people to withdraw their deposits from
banks.
˹éÒ 945
Why does the deficit become larger when the economy goes into recession and
unemployment increases? Part of the answer lies on the expenditure side and
part on the tax revenue side of the government's account. The scale of
government ...
Why does the deficit become larger when the economy goes into recession and
unemployment increases? Part of the answer lies on the expenditure side and
part on the tax revenue side of the government's account. The scale of
government ...
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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