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Canada (161,803)
Economics (818)
ECON 1100 (224)
Chapter 4

Macroeconomics Chapter 4.docx

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Department
Economics
Course
ECON 1100
Professor
Eveline Adomait
Semester
Winter

Description
Macroeconomics Chapter 4 The Major Macroeconomic Issues Macroeconomic policies- government actions designed to affect the performance of the economy as a whole 4.1 the major macroeconomic issues macroeconomics- the study of the performance of the national economy as well as the policies used to improve that performance standard of living- the degree to which people have access to goods and services that make their lives easier, healthier, safer and more enjoyable average labour productivity- output per employed worker - total output divided by the number of employed workers recession- pronounced slowdowns in economic growth - economic o
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