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Textbook Notes for ECON-102 at MacEwan University (MACEWAN)

MACEWANECON-102Andrew WongWinter

ECON-102 Chapter Notes - Chapter 5-16: Loanable Funds, Reserve Requirement, International Monetary Fund

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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-102Pat Mc GuinnessFall

ECON-102 Chapter Notes - Chapter 9: Janet Yellen, Relative Price, Capital Outflow

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An employed person is one who had a job during the reference month. An unemployed person is one who did not have a job during the past month but was se
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MACEWANECON-102Junaid JahangirWinter

ECON-102 Chapter Notes - Chapter 1: Invisible Hand, Asteroid Family, Market Failure

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The word economy comes from the greek word for. The management of society"s resources (e. g. , people, land, buildings, machinery) is important because
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MACEWANECON-102Pat Mc GuinnessFall

ECON-102 Chapter Notes - Chapter 5-6: Gdp Deflator, Apple Juice, Demand Curve

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Production possibilities frontier (ppf) give something up in order to achieve something else on the production curve) before the amount they produce le
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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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