Pre-Business BUS107 Lecture Notes - Money Supply, Monetary Policy, Industrial Policy
31 Oct 2012
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Document Summary
Crown corporation a company that is owned by the federal or provincial government. Deficit occurs when a government spends over and above the amount it gathers in taxes for a specific period of time (namely, a fiscal year). Equalization a federal government program for reducing fiscal disparities among provinces. Federal budget a comprehensive report that reveals government financial policies for the coming year. Fiscal policy the federal government"s effort to keep the economy stable by increasing or decreasing taxes or government spending. Industrial policy a comprehensive, coordinated government plan to guide and revitalize the economy. Marketing boards organizations that control the supply or pricing of certain agricultural products in canada. Monetary policy the management of the money supply and interest rates. National debt (federal debt) the accumulation of government surpluses and deficits over time. National policy government directive that placed high tariffs on imports from the united states to product canadian manufacturing, which had higher costs.
