Textbook Notes (290,000)
CA (170,000)
Ryerson (10,000)
ECN (800)
ECN 204 (300)
Chapter 6

# ECN 204 Chapter Notes - Chapter 6: Nominal Rigidity, Business Cycle

Department
Economics
Course Code
ECN 204
Professor
Eric Kam
Chapter
6

Page:
of 5
6.1\$Assessing\$the\$Health\$of\$the\$Economy:\$Performance\$and\$
Policy
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5,&1"&\$',-'#'2,%/(&6'%\$./0'()"'2,%/(&6:\$ current'prices'during'the'
years'the'goods/services' were'produced =
Real\$GDP
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Unemployment
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Inflation
6.2\$The\$Miracle\$of\$Modern\$Economic\$Growth
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6.3\$Saving,\$Investment,\$and\$Choosing\$Between\$Present\$and\$
Future\$Consumption
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Saving
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Financial &"-"&\$'(,'()"'3%&2)#\$./0',-'-./#/2.#+'#\$\$"(\$'
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Economic &"-"&\$'(,'\$3"/1./0'-,&'()"'3&,1%2(.,/'#/1'
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Investment
6.4\$Uncertainty,\$Expectations,\$Shocks,\$and\$Short-Run\$
Fluctuations
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The\$Importance\$of\$Expectations\$and\$Shocks
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