Macroeconomics: Canada in the Global EnvironmentAddison-Wesley, 1994 - 1088 หน้า |
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หน้า 662
... shown in Fig . 24.8 . In part ( a ) of Fig . 24.8 , the fluctuations of real GDP are shown for an imaginary economy over a five - year period . In year 2 , real GDP falls below its long - run level and there is a recessionary gap . A ...
... shown in Fig . 24.8 . In part ( a ) of Fig . 24.8 , the fluctuations of real GDP are shown for an imaginary economy over a five - year period . In year 2 , real GDP falls below its long - run level and there is a recessionary gap . A ...
หน้า 842
... figure . Figure 30.8 ( b ) shows the short - run aggregate pro- duction function . This production function is the one shown in Fig . 30.1 . We know from the labour market ( part a ) that 25 billion hours of labour are employed . Part ...
... figure . Figure 30.8 ( b ) shows the short - run aggregate pro- duction function . This production function is the one shown in Fig . 30.1 . We know from the labour market ( part a ) that 25 billion hours of labour are employed . Part ...
หน้า 925
... shown in Fig . 33.6 ( a ) . When aggregate demand falls to AD1 , no policy measures are taken to bring the economy back to full employ- ment . But recall that we are assuming that the decrease in aggregate demand is temporary and that ...
... shown in Fig . 33.6 ( a ) . When aggregate demand falls to AD1 , no policy measures are taken to bring the economy back to full employ- ment . But recall that we are assuming that the decrease in aggregate demand is temporary and that ...
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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