Textbook Notes for Eric Kam

RYERSONECN 204Eric KamWinter

ECN 204 Chapter Notes - Chapter 12: Aggregate Supply, Aggregate Demand, Monel

OC5534516 Page
31 Mar 2016
36
Chapter 12 aggregate demand and aggregate supply. Aggregate demand-aggregate supply monel the macroeconomic model that uses aggregate demand and aggreg
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RYERSONECN 204Eric KamWinter

ECN204 Chapter 14: Chapter 14 Money, Banking, and Money Creation

OC5791527 Page
14 Apr 2016
41
Liquidity is the ease with which it can converted quickly into the most widely accepted and easily spent form of money - cash - with little or no littl
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RYERSONECN 204Eric KamWinter

ECN 204 Chapter Notes - Chapter 11: Autarky, Real Interest Rate, Xm Satellite Radio

OC55345110 Page
31 Mar 2016
29
11. 1 the aggregate expenditures model: consumpion and saving. Gdp = di: for instance, if billion of output is produced as gdp, households will receiv
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RYERSONECN 204Eric KamWinter

ECN 204 Chapter Notes - Chapter 12: Aggregate Demand, Aggregate Supply, The Immediate

OC57915218 Page
13 Apr 2016
40
Aggregate demand is a schedule or curve that shows the amounts of real output (real gdp) that buyers collectively desire to purchase at each possible p
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RYERSONECN 204Eric KamWinter

ECN204 Chapter 10: Chapter 10 Basic Macroeconomic Relationships

OC5791528 Page
21 Mar 2016
69
Saving (s) = disposable income (di) - consumption (c) Direct relations: consumption rises as income increases saving is negative (dissaving occurs) whe
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RYERSONECN 204Eric KamWinter

ECN 204 Chapter Notes - Chapter 5: Unemployment Benefits, Canada Pension Plan, Gdp Deflator

OC331064 Page
26 Apr 2012
27
The study of how individual households and firms make decisions, interact with one another in markets. The study of the economy as a whole. We begin ou
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RYERSONECN 204Eric KamWinter

ECN 204 Chapter Notes - Chapter 7: Stock Market, Gdp Deflator, Market Basket

@roj3 Page
12 Apr 2016
19
Statistics canada compiles national income and product accounts. Assess health of economy by comparing levels of production at regular intervals. Track
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RYERSONECN 204Eric KamWinter

Chapter 15 - The Influence of Monetary and Fiscal Policy on Aggregate Demand

OC331062 Page
24 Apr 2012
46
The influence of monetary and fiscal policy on aggregate demand. Recall, the ad curve slopes downward for three reasons: Supply-demand model that helps
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RYERSONECN 204Eric KamWinter

ECN 204 Chapter Notes - Chapter 11: Potential Output, Autarky, Equilibrium Level

OC5791526 Page
21 Mar 2016
62
Fundamental assumption behind the aggregate expenditures model is that prices in the economy are fixed. To add investment decisions of business to the
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RYERSONECN 204Eric KamWinter

ECN 204 Chapter Notes - Chapter 20: Gross Profit, Final Good, Intermediate Good

OC101429310 Page
5 Feb 2017
2
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RYERSONECN 204Eric KamWinter

Chapter 9 - Unemployment & Its Natural Rate

OC331064 Page
23 Apr 2012
25
Based on regular survey of 50,000 households = labour force survey. Based on adult population (15 yrs or older) The labour force is the total # of work
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RYERSONECN 204Eric KamWinter

ECN 204 Chapter Notes - Chapter 8: Industrial Revolution

OC5791524 Page
21 Mar 2016
28
An increase in real gdp occurring over some time period. An increase in real gdp per capita occurring over some time period. Economic growth is calcula
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