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Textbook Notes for Economics 1022A/B at Western University (UWO)

WESTERNECON 1022A/BJeannie GillmoreWinter

Econ 1022 All Textbook Chapters .doc

OC22109375 Page
11 Dec 2014
271
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WESTERNECON 1022A/BJeannie GillmoreSpring

Economics 1022A/B Chapter 24: Money, the Price Level and Inflation

OC127405412 Page
27 Feb 2017
3
Money: any commodity or token that is generally acceptable as a means of payment. A means of payment: a method of settling a debt. When a payment has b
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WESTERNECON 1022A/BJeannie GillmoreFall

Economics 1022A/B Chapter Notes - Chapter 24: Technological Change, Potential Output, Monetary Base

OC10292898 Page
24 Feb 2017
4
Chapter 24 - money, the price level, and inflation. Money is defined as any commodity or token that is generally acceptable as a means of payment. Mean
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WESTERNECON 1022A/BEmilie RiversWinter

Economics 1022A/B Chapter Notes - Chapter 27: Autonomous Consumption, Tax Rate, Consumption Function

OC8518096 Page
10 Jan 2017
11
Chapter 27 aggregate demand and expenditure multipliers. Aggregate expenditure consists of consumption, investment, government, and net exports. Planne
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WESTERNECON 1022A/BJeannie GillmoreSpring

Economics 1022A/B Chapter Notes - Chapter 27: Potential Output, Aggregate Demand, Disposable And Discretionary Income

OC127405412 Page
16 Mar 2017
0
Aggregate planned expenditure = sum of the planned levels of c, i, g, nx. Other things remaining the same, an increase in real gdp increases ae, and an
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WESTERNECON 1022A/BEmilie RiversWinter

Economics 1022A/B Chapter Notes - Chapter 26: Demand Curve, Disposable And Discretionary Income, Output Gap

OC8518093 Page
10 Jan 2017
12
Quantity of real gdp demanded the total amount of final goods and services produced in canada that people, businesses, governments, and foreigners plan
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WESTERNECON 1022A/BJeannie GillmoreWinter

Economics 1022A/B Chapter Notes - Chapter 25: Foreign Exchange Market, The Foreign Exchange, Interest Rate Parity

OC3056485 Page
14 Apr 2015
57
Demand in foreign exchange market influenced by: exchange rate: world demand for canadian exports interest rates in canada and other countries canadian
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WESTERNECON 1022A/BEmilie RiversWinter

Economics 1022A/B Chapter Notes - Chapter 28: Capital Market, Nominal Interest Rate, Aggregate Demand

OC8518093 Page
10 Jan 2017
5
In the long run, inflation is monetary if the quantity of money grows faster than potential gdp. In the short run, inflation can be triggered by many f
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WESTERNECON 1022A/BJeannie GillmoreSpring

Economics 1022A/B Chapter Notes - Chapter 20: Factor Cost, Consumer Spending, Income Approach

OC12740544 Page
11 Jan 2017
8
Gdp is the market value of the final goods and services produced within a country in a given time period. Market value = the prices at which items are
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WESTERNECON 1022A/BBruce HammondSpring

Economics 1022A/B Chapter 27: Chapter 27 expenditure multiplier

OC7573159 Page
21 Jun 2016
22
In this keynesian model, each firm"s prices are fixed, and thus the price level is fixed, and aggregate demand determines real gdp. Aggregate planned e
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WESTERNECON 1022A/BJeannie GillmoreFall

Economics 1022A/B Chapter Notes - Chapter 20: Retained Earnings, Potential Output, Final Good

OC10292893 Page
5 Feb 2017
7
Chapter 20 - measuring gdp and economic growth. It is the market value of the final goods and services produced within a country in a given time period
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WESTERNECON 1022A/BBruce HammondSpring

Economics 1022A/B Chapter Notes - Chapter 26: Canadian Dollar, Grater, Disposable And Discretionary Income

OC7573154 Page
21 Jun 2016
10
The quantity of real gdp demanded is the total amount of final goods and service produced in canada that people, business, governments, and foreigners
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