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Class Notes for Justin Smith

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WLUEC140Justin SmithFall

EC140 Lecture Notes - Lecture 1: Aggregate Demand, Aggregate Supply, Real Interest Rate

OC48510814 Page
3 Nov 2016
12
Ec140 winter 2014 midterm 2 practice questions. Which graph illustrates what happens when factor prices rise: (a, (b, (c, (d, (a) and (b, which one of
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WLUEC140Justin SmithSpring

EC140 Lecture Notes - Lecture 1: Sunk Costs, Opportunity Cost, Final Good

OC4712263 Page
20 May 2015
26
Micro: study of individual households and firms, eq in particular markets, relative prices. Macro: study of economic aggregates such as inflation, unem
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WLUEC140Justin SmithWinter

EC140 Lecture Notes - Demand Curve, International Trade, Xm Satellite Radio

OC15077413 Page
23 Aug 2013
30
Week 11: the exchange rate and the balance of payments. The 3 big ones: the u. s. dollar, yen, and euro. On a day to day basis, the exchange rate betwe
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WLUEC140Justin SmithWinter

EC140 Lecture Notes - Real Interest Rate, Loanable Funds, Nominal Interest Rate

OC789504 Page
28 Feb 2013
37
Midterm for chapters 20 21 27 26 23 24. Market coordinates lending and borrowing from three sectors. Therefore you are saving 50 000 to your canadian b
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WLUEC140Justin SmithWinter

EC140 Lecture Notes - Financial Market, Overnight Rate, Core Inflation

OC15077410 Page
23 Aug 2013
18
The objective of monetary policy is to: control the quantity of money and interest rates in order to avoid inflation, prevent excessive swings in real
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WLUEC140Justin SmithWinter

EC140 Lecture Notes - Diminishing Returns, Entire Function, Marginal Product

OC15077414 Page
23 Aug 2013
17
Living standards, as measured by rgdp per person, will double roughly twice in your lifetime. These are some of the questions we hope to answer in this
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WLUEC140Justin SmithWinter

EC140 Lecture Notes - Potential Output, Xm Satellite Radio, Equilibrium Point

OC15077414 Page
23 Aug 2013
19
Question 9: error on my econ lab (the test will be marked out of 9. 5) Aggregate demand and supply show the relationship between price and gdp. When pr
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WLUEC140Justin SmithWinter

EC140 Lecture Notes - Disposable And Discretionary Income, Autonomous Consumption, Xm Satellite Radio

OC15077410 Page
23 Aug 2013
22
Keynesian model describes the economy in the very short run when prices are fixed. Because each firm"s price is fixed, for the economy as a whole: the
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WLUEC140Justin SmithWinter

EC140 Lecture Notes - Potential Output, Jim Flaherty, Output Gap

OC15077412 Page
23 Aug 2013
20
The government takes our money through taxes. In this section we study the topic of government spending/taxing/transferring, also known as. Just like a
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WLUEC140Justin SmithWinter

EC140 4.docx

OC15077426 Page
23 Aug 2013
39
Disposable income is split between savings and consumption. Total income can either be saved, consumed, or spent on taxes. Disposable income = total in
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WLUEC140Justin SmithWinter

EC140 Lecture Notes - Intermediate Good, Income Approach, Xm Satellite Radio

OC971515 Page
17 Mar 2013
28
Main measure of economic well-being and standard of living. Can be compared within a country during a different time period. Measures total value of a
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