Macroeconomics: Canada in the Global EnvironmentAddison-Wesley, 1994 - 1088 หน้า |
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... Theories Are Developed Make Predictions Test Predictions MODEL Make assumptions Deduce implications THEORY Predictions are in conflict with facts OOOD Predictions are in agreement with facts Model , Theory , and Reality People who build ...
... Theories Are Developed Make Predictions Test Predictions MODEL Make assumptions Deduce implications THEORY Predictions are in conflict with facts OOOD Predictions are in agreement with facts Model , Theory , and Reality People who build ...
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... theory asserts that velocity is a constant . If velocity is constant , an increase in the quantity of money increases aggregate demand and shifts the aggregate demand curve upward by the same amount as the percentage change in the ...
... theory asserts that velocity is a constant . If velocity is constant , an increase in the quantity of money increases aggregate demand and shifts the aggregate demand curve upward by the same amount as the percentage change in the ...
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... theories about the labour market : ♢ Flexible wage theory ♢ Sticky wage theory The flexible wage theory is based on the assump- tion that the labour market operates in a way similar to the markets for goods and services , with the ...
... theories about the labour market : ♢ Flexible wage theory ♢ Sticky wage theory The flexible wage theory is based on the assump- tion that the labour market operates in a way similar to the markets for goods and services , with the ...
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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