ECON 209 Lecture Notes - Lecture 1: Canadian Dollar
31 Jan 2018
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The questions are taken from actual happenings, and are loosely based on material in chapter 19. This is introductory material which is not hard to understand. Only some aspects are covered in lectures, & the rest is your responsibility. Read the chapter and try these questions for yourself before going to conferences. I hope that in this first week of conferences you will get to know your conference leaders, and enjoy as well as learn. (note: t/f/u = true or false or uncertain) I think our prof. said that a very low savings rate in the us was one of the various factors that had helped to create a recent recession (after the 2008 credit crunch"). Then he said that an increase in savings helped to make things worse. Low saving rate, consume more, but supply can"t catch the paces, shortage, price goes up, bubble, perception wealth, consume more, loan from bank, the bank rise up inflation,
