CMN 3155 Study Guide - Midterm Guide: Prime Rate, Carny, Fiscal Policy
10 Jul 2014
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Document Summary
Social policy- education, quality of life, security on streets. Political angle- attitudes towards leader, voting intent, parties, ideological meaning. A communications director some marks for describing data, but majority for describing why it is important to them. Gdp (gross domestic product) total value of all products sold within a time frame. The plus means you are comparing time periods. Unemployment total number of people looking for work divided by number of eligible workers. The true number of unemployment is actually higher because people that were not looking on time. Right now in canada probably around 1. 8% which is very low. Inflation refers to net change in price to a fixed basket of goods over a period. 2 types of policy: monetary policy , and fiscal monetary policy bank of canada (monitor inflation) management of interest rates (mark carny- manager) Bank controls : interest rates and money supply prime lending rate- done by 6 major banks decide to charge.
