ECO 1302 Lecture Notes - Lecture 34: Brian Mulroney, Gross Domestic Product, Aggregate Demand
26 Dec 2017
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Drawing a line between macroeconomics and microeconomics. The problem of macroeconomic stabilization: a sneak preview. The worse pounding ever taken by a major canadian federal party occurred in. 1993, when the conservatives, under the leadership of brian mulroney, (his government was highly unpopular at the time for several reasons) decided to call an election). This occurred six months after the appointment of kim campbell as the new. Federal public finances were saddled with a large budget deficit; and. Ca(cid:374)ada"s rate of u(cid:374)e(cid:373)ploy(cid:373)e(cid:374)t had rise(cid:374) to as high as (cid:1005)(cid:1006) perce(cid:374)t just a few months before the election, showing no sign of early improvement. Kim campbell had stated, while on the election campaign trail, that the unemployment problem was too complex to be discussed during an election campaign. Obviously the voters thought that campbell was wrong: An economic aggregate is nothing but an abstraction that people use to describe some important feature of economic life, such as total domestic product.
