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Textbook Notes for ECON 2000 at York University (YORKU)

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YORKECON 2000Irene HenriquesFall

ECON 2000 Chapter Notes -Floating Exchange Rate, Fixed Exchange-Rate System, Exchange Rate

OC21487012 Page
27 Dec 2014
17
The open economy: the mundell-fleming model and the exchange-rate regime. International flow of goods and services as well as capital are important to
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YORKECON 2000Irene HenriquesFall

ECON 2000 Chapter Notes - Chapter 1: Gross Domestic Product, Canada Pension Plan, Old Age Security

OC4810242 Page
10 Dec 2016
1
1. 1 introduction to macro and the great recession. Macroeconomics is the study of the economy. In the short run, macroeconomic analysis focuses on bus
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YORKECON 2000Perry SadorskyFall

ECON 2000 Chapter Notes - Chapter 6: Frictional Unemployment, Unemployment, Active Labour Market Policies

OC5692003 Page
16 May 2016
19
In this chapter we examine the determinants of the natural rate of unemployment the average rate of unemployment around which the economy fluctuates (t
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YORKECON 2000Perry SadorskyFall

ECON 2000 Chapter Notes - Chapter 9: Aggregate Supply, Aggregate Demand, Nominal Rigidity

OC5692004 Page
16 May 2016
15
One way economists arrive at their forecasts is by looking at leading indicators variables that tend to fluctuate in advance of the overall economy. Mo
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YORKECON 2000Irene HenriquesFall

Chapter 9 ECON 2000.docx

OC366362 Page
23 Apr 2012
29
Real income income expressed as a quantity of goods that a household can afford to buy. Relative price price of one good divided by the price of anothe
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YORKECON 2000Irene HenriquesFall

ECON 2000 Chapter Notes - Chapter 10: Real Interest Rate, Aggregate Demand, Phillips Curve

OC4810243 Page
10 Dec 2016
7
10. 1 explain how the is curve represents the relationship between the real interest. Explaining aggregate demand: the is-mp model rate and aggregate e
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YORKECON 2000Perry SadorskyFall

ECON 2000 Chapter Notes - Chapter 5: Government Budget Balance, United States Dollar, Canadian Dollar

OC5692005 Page
16 May 2016
14
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YORKECON 2000Irene HenriquesFall

ECON 2000 Chapter Notes - Chapter 8: Diminishing Returns, Factors Of Production, Balanced-Growth Equilibrium

OC4810243 Page
10 Dec 2016
2
Economy is closed, no government sector (so net exports, taxes and government expenditures are 0) The ratio of workers to the population is constant. C
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YORKECON 2000Irene HenriquesFall

ECON 2000 Chapter Notes - Chapter 4: Monetary Base, Nominal Interest Rate, Open Market Operation

OC4810245 Page
10 Dec 2016
1
Real variables are measured in terms of goods and services. Nominal variables are measured in terms of money (i. e. price level, inflation rate and nom
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YORKECON 2000Perry SadorskyFall

ECON 2000 Chapter Notes - Chapter 3: Profit Maximization, Real Wages, Marginal Product

OC5692007 Page
16 May 2016
15
Households receive income and use it to pay taxes to the government, to consume goods and services, and to save through the financial markets. Firms re
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YORKECON 2000Irene HendricksWinter

ECON 2000 Chapter 3: ECON2000 - chapter 3

OC25404994 Page
1 Oct 2018
0
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YORKECON 2000Irene HendricksWinter

ECON 2000 Chapter 6: ECON2000 - chapter 6

OC25404992 Page
1 Oct 2018
0
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