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Textbook Notes for James Pesando

UTSGECO102H1James PesandoWinter

ECO102H1 Chapter Notes - Chapter 20: Gross National Product, Northern Ireland Environment Agency, Fixed Investment

OC6185664 Page
27 Sep 2016
8
Production occurs in stages: some firms produce outputs that are used as inputs by other firms, and these other firms, in turn, produce outputs that ar
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UTSGECO102H1James PesandoWinter

ECO102H1 Chapter Notes - Chapter 21, 22: National Income And Product Accounts, Real Interest Rate, Disposable And Discretionary Income

OC6185666 Page
27 Sep 2016
7
Desired aggregate expenditure (ae) - the sum of desired or planned spending on domestic output by households, firms, governments, and foreigners. Natio
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UTSGECO102H1James PesandoWinter

ECO102H1 Chapter Notes - Chapter 19: Output Gap, Potential Output, Business Cycle

OC6185665 Page
27 Sep 2016
5
Macroeconomics - the study of determination of economic aggregates such as total output, total employment, the price level, and the rate of economic gr
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UTSGECO102H1James PesandoWinter

ECO102H1 Chapter Notes - Chapter 27, 28: Commercial Bank, Reserve Requirement, Excess Reserves

OC6185666 Page
27 Sep 2016
3
Money is generally accepted as a medium of exchange as well as a store of value and a unit of account. If there were no money, goods and services would
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UTSGECO102H1James PesandoWinter

ECO102H1 Chapter Notes - Chapter 29, 30: Monetary Policy, Overnight Rate, Aggregate Demand

OC6185663 Page
27 Sep 2016
3
How the bank of canada implements monetary policy. Monetary policy can be implemented either by targeting the money supply or by targeting the interest
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UTSGECO102H1James PesandoWinter

ECO100Y1 Chapter 23: Output and prices in the short run

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27 Sep 2016
4
Chapter 23 - output and prices in the. The ae curve shifts in response to a change in price level - a change in all the economy"s prices. The relations
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UTSGECO102H1James PesandoWinter

ECO102H1 Chapter Notes - Chapter 19, 10: Deadweight Loss, Social Cost, Efficiency Wage

OC6185664 Page
27 Sep 2016
2
Compensating differential: a difference in wages that arises from nonmonetary characteristics of different jobs. Human capital: the accumulation of inv
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UTSGECO102H1James PesandoWinter

ECO102H1 Chapter Notes - Chapter 24: Output Gap, Potential Output, Nominal Rigidity

OC6185664 Page
27 Sep 2016
8
Chapter 24 - from the short run to the. Short run: factor prices are assumed to be exogenous; they may change, but any change is not explained within t
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