Macroeconomics: Canada in the Global EnvironmentAddison-Wesley, 1994 - 1088 หน้า |
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หน้า 865
... tion . Conditions are good for workers in Chatham , and the ketchup factory finds it hard to hang onto its best people . To do so it has to offer higher wages . As wages increase , so do the ketchup factory's costs . What happens next ...
... tion . Conditions are good for workers in Chatham , and the ketchup factory finds it hard to hang onto its best people . To do so it has to offer higher wages . As wages increase , so do the ketchup factory's costs . What happens next ...
หน้า 869
... tion available to them to make their forecasting errors as small as possible . That is , they can make a rational expectation . A rational expectation is a forecast based on all the available relevant informa- tion . It has two features ...
... tion available to them to make their forecasting errors as small as possible . That is , they can make a rational expectation . A rational expectation is a forecast based on all the available relevant informa- tion . It has two features ...
หน้า 873
... tion forecasts impose costs on firms and workers . To minimize those costs , people make forecasts that use all available information . Such a forecast is called a rational expectation . To predict people's forecasts of the future price ...
... tion forecasts impose costs on firms and workers . To minimize those costs , people make forecasts that use all available information . Such a forecast is called a rational expectation . To predict people's forecasts of the future price ...
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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