ECO 1102 Lecture Notes - Lecture 1: Economic Equilibrium, Fiscal Policy, Prime Rate
6 Dec 2017
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ECO 1102 Full Course Notes
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Chapter 1 / chapter 4 - overview of macroeconomics. Descriptive information on canadian macroeconomy: unemployment rate: 6. 8% in nov. 2016, down from a peak of 8. 7% in mid-2009. All of the jobs that were lost during the recessions of 2008-2009 have been removed and then some. Relative to the working-age population, more people are employed than in the usa and most other industrialized countries. Despite the fact that their official unemployment rate is 4. 6% Between 1-3% annually over the past 20 or so years. It shrank by about 3. 5% between oct of 2008 and oct of 2009 due to the great. $ a little below 1. 8 trillion at 2007 prices. Lasted 9 months according to the technical definition of a recession. +3. 5% at annual rate between q2 2016 and q3 2016, but contracted 0. 3% over the preceding quarter. Kind of disappointing, and there are downside risks: gdp per capita estimated to be about 80% of us level.
