OC17414

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UWECON102Angela TrimarchiFall

ECON102 Lecture Notes - Hadad

OC1741420 Page
16 Oct 2011
31
* (percent change in real gdp 4%) Exercise: calculate the change in cyclical unemployment when real gdp grows at an average rate of 3%. Used to explain
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UWECON102Angela TrimarchiFall

ECON102 Lecture Notes - Money Supply

OC174147 Page
16 Oct 2011
41
We now turn to an analysis of the short-run effects of changes in the money supply on the interest rate. The money supply is determined by the bank of
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UWECON102Angela TrimarchiFall

ECON102 Lecture Notes - Demand For Money, Money Supply, Economic Equilibrium

OC174149 Page
16 Oct 2011
24
An increase in the overall level of prices, as measured by the. Determined by the growth of the money supply. Level of prices and the value of money. I
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UWECON102Angela TrimarchiFall

Chapter 12 Notes FULL lecture notes for Chapter 12

OC1741412 Page
16 Oct 2011
20
Records economic transactions between: residents of one country and residents of the rest of the world (row) during a given period of time. Two main ac
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UWECON101Angela TrimarchiFall

Chapter 5 Notes FULL lecture notes for Chapter 5

OC1741411 Page
16 Oct 2011
53
Is the market value of all final goods and services produced. It is strictly a measure of production. In a given period of time (such as a year) Domest
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UWECON102Angela TrimarchiFall

Chapter 9 Notes FULL lecture notes for Chapter 9

OC1741411 Page
16 Oct 2011
28
The rate of unemployment that exists when the economy"s output is at its full-employment level. Frictional unemployment market: unemployment caused by
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UWECON102Angela TrimarchiFall

Chapter 7 Notes FULL lecture notes for Chapter 7

OC174147 Page
16 Oct 2011
24
Of all the priorities i have mentioned today, the common denominator is prosperity. A better life for all canadians is the highest priority for this go
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UWECON102Angela TrimarchiFall

Chapter 10 Notes FULL lecture notes for Chapter 10

OC1741412 Page
16 Oct 2011
24
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UWECON102Angela TrimarchiFall

ECON102 Lecture Notes - Gdp Deflator

OC174146 Page
16 Oct 2011
32
Inflation : a rise in the overall level of prices. Deflation : a fall in the overall level of prices. Disinflation : a decrease in the rate of inflatio
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UWECON102Angela TrimarchiFall

Chapter 8 Notes FULL lecture notes for Chapter 8

OC174149 Page
16 Oct 2011
26
= c + i + g + (x - m) Closed economy: one that does not trade and doesn"t have external links with the rest of the world. We can rearrange the above eq
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UWECON102Angela TrimarchiFall

Chapter 2 Notes FULL lecture notes for Chapter 2

OC174149 Page
16 Oct 2011
30
Ultimately, the level of production will determine the level of consumption. All possible combinations of outputs that can be produced with given input
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UWECON102Angela TrimarchiFall

Chapter 1 Notes FULL lecture notes for Chapter 1

OC174144 Page
16 Oct 2011
37
Economics studies how: society manages its scarce resources, people use scarce resources to satisfy unlimited human wants. Also: economics is a social
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