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Textbook Notes for William Agamah

MACEWANECON-102William AgamahFall

ECON-102 Chapter Notes - Chapter 14: Aggregate Demand, Aggregate Supply, Gdp Deflator

Recession: a period of falling incomes and rising unemployment. The variables that we study in this chapter are largely those we have already seen in p
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MACEWANECON-102William AgamahFall

ECON-102 Chapter Notes - Chapter 10: Stephen Poloz, Fiat Money, Monetary Policy

In this chapter the role of money in the economy is explored. The creation of money by the banking system. Money: set of assets in economy that people
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MACEWANECON-102William AgamahFall

ECON-102 Chapter Notes - Chapter 12: Real Interest Rate, Exchange Rate, Autarky

Closed economy : an economy that does not interact with other economies in the world. Open economy : an economy that interacts freely with other econom
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MACEWANECON-102William AgamahFall

ECON-102 Chapter Notes - Chapter 11: Gdp Deflator, Economic Equilibrium, Liquidity Preference

These price indexes show over the past 70 years, prices have risen on average about 4% per year. Accumulated over so many years, a 4% annual inflation
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