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Textbook Notes for Leo Michelis

RYERSONECN 301Leo MichelisFall

ECN 301 Chapter Notes - Chapter 9: Nominal Interest Rate, Real Interest Rate, Monetary Policy

OC14065798 Page
14 Jan 2017
2
The is curve is a combination of real interest rates and real gdp such that the goods market is in equilibrium, holding all other determinants of aggre
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RYERSONECN 301Leo MichelisFall

ECN 301 Chapter Notes - Chapter 2: Gross Domestic Product, Labour Power, Interest Rate

OC14065793 Page
17 Jan 2017
3
Economists have quantitative data to work with; prices, quantities, and values. Together these variables summarize the state of the macro economy. Real
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RYERSONECN 301Leo MichelisFall

ECN 301 Chapter Notes - Chapter 7: Nominal Interest Rate, Real Interest Rate, Exchange Rate

OC14065796 Page
13 Jan 2017
1
In the 1970s, canada experienced episodes of mild inflation (1 to 3%) creeping (4 to 7%) and galloping (7 to 15%) Hyperinflations are extremely destruc
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RYERSONECN 301Leo MichelisFall

ECN 301 Chapter Notes - Chapter 8: Real Interest Rate, Nominal Rigidity, Loanable Funds

OC14065796 Page
14 Jan 2017
4
Over the past decade real gdp has grown at an average rate of 3. 1%. At the same time unemployment has fluctuated around and average level consistent w
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