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Brad H
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Decks in this class (50)
4.1 Key Macroeconomic Variables
What is the most comprehensive me...,
What is an essential concept in r...,
What is national product equal to
69
cards
4.2 Growth Versus Fluctuations
What is the main result of long t...
1
cards
5.1 National Output and Value Added
What is the name for the error th...,
What is an intermediate good,
What is a final good
18
cards
5.2 National Income Accounting: The Basics
What is the value of domestic out...,
Memorize the circular flow of inc...,
What is national income equal to
49
cards
5.3 National Income Accounting: Some Further Issues
What is the difference between no...,
What different information does r...,
What is the gdp deflator
21
cards
6.1 Desired Aggregate Expenditure
What is desired expenditure,
What does the subscript a mean wh...,
Who are the four main groups of d...
67
cards
6.2 Equilibrium National Income
What is an equilibrum condition,
What is the assumption of demand ...,
When is national income in equili...
27
cards
6.3 Changes in Equilibrium National Income
What is the function for the simp...,
How do changes in household wealt...,
What are the two types of shifts ...
29
cards
7.1 Introducing Government
What is fiscal policy,
What assumption do we make about ...,
What are taxes effect on disposab...
32
cards
7.2 Introducing Foreign Trade
Roughly how many goods and servic...,
What is an important distiction t...,
How do exports and imports affect...
34
cards
7.3 Equilibrium National Income
Recall the disposible income func...,
We take several steps to determin...,
We take several steps to determin...
19
cards
7.4 Changes in Equilibrium National Income
What kind of changes will cause a...,
What is the equation for the simp...,
How does the presence of imports ...
26
cards
7.5 Demand-Determined Output
Our macro model is based on three...,
What is the equilibrium level of ...,
What is the simple multiplier wha...
10
cards
8.1 The Demand Side of the Economy
What are the changes in price lev...,
What is incorrect about the logic...,
What does the relationship betwee...
33
cards
8.2 The Supply Side of the Economy
What does the term aggregate supp...,
Definition of the aggregate suppl...,
How will changes in factor prices...
23
cards
8.3 Macroeconomic Equilibrium
What is macroeconomic equilibrium,
What does a graph of macroeconomi...,
What combination of factors are t...
32
cards
9.1 Three Macroeconomic States
Review of potential gdp,
What are the assumptions we make ...,
What is short run macroeconomic e...
12
cards
9.2 The Adjustment Process
What relationships do we examin i...,
What do we call it when a nations...,
In this chapter therefore we view...
35
cards
9.3 Aggregate Demand and Supply Shocks
What does a positive aggrigate de...,
What are the effects of a positiv...,
What does the inflationary gap fr...
37
cards
9.4 Fiscal Stabilization Policy
Is fiscal stabilzation policy fun...,
What are the alternatives to usin...,
Example of canadian fiscal stabil...
38
cards
10.1 The Nature of Economic Growth
What are the three aspects of eco...,
What does real gdp not tell us about,
What has been the overall directi...
30
cards
10.2 Economic Growth: Basic Relationships
What is the difference between eq...,
What are the three different conc...,
What is private saving and its fo...
61
cards
10.3 Economic Growth: Advanced Theories
What are the two strands of new r...,
Why do many scholors think of tec...,
What typicially drives people to ...
17
cards
10.4 Are There Limits to Growth?
What two limits to economic growt...,
What affect does technology have ...,
What makes conscious management o...
5
cards
11.1 The Nature of Money
What is money,
What is a medium of exchange,
Other than a medium of echange wh...
37
cards
11.2 The Canadian Banking System
What is a central bank,
What are financial intermediaries,
What do we use the term commercia...
80
cards
11.3 Money Creation by the Banking System
What does money supply include,
What are the three assumptions we...,
Td balence sheet
27
cards
11.4 The Money Supply
Definition of the money supply,
What do the several different def...,
Function for money supply
20
cards
12.1 Understanding Bonds
For simplicity what two catagorie...,
What do we mean by money,
What do we mean by bonds
36
cards
12.2 The Theory of Money Demand
What is the relationship between ...,
What is the demand for money,
Three reasons for holding money i...
18
cards
12.3 How Money Affects Aggregate Demand
What is monetary equilibrium,
What is the monetary transmission...,
Graph of monetary equilibrium
34
cards
12.4 The Strength of Monetary Forces
What happens when any ad or as sh...,
What is long run money neutrality,
When is money neutral in the long...
19
cards
13.1 How the Bank of Canada Implements Monetary Policy
In general what are the two alter...,
Can the central bank choose both ...,
Graph of the two alternative appr...
25
cards
13.2 Inflation Targeting
Central banks focus on inflation ...,
Examples of people or firms who s...,
Finally the uncertainty generated...
25
cards
13.3 Long and Variable Lags
What lays at the root of the deba...,
What do most people believe began...,
In the us canada and europe what ...
22
cards
13.4 Four Decades of Canadian Monetary Policy
What significant economic events ...,
What was the bank of canada s res...,
What were the two important lesso...
14
cards
14.1 Adding Inflation to the Model
How have we treated inflation in ...,
What is key to understanding sust...,
What are the macroeconomic forces...
32
cards
14.2 Shocks and Policy Responses
In this section what is the centr...,
What is demand inflation,
What are some potential reasons f...
41
cards
14.3 Reducing Inflation
What is disinflation,
What are two notable periods of d...,
The process of reducing inflation...
26
cards
15.1 Employment and Unemployment
What two characteristics of the l...,
What is a historical comparison b...,
How can we compare labor force an...
33
cards
15.2 Unemployment Fluctuations
What are the two sets of theories...,
What is cyclical unemployment,
What are two major characteristic...
31
cards
15.3 What Determines the NAIRU and 15.4 Reducing Unemployment
When is the unemployment rate eeq...,
Definition of frictional unemploy...,
What are some sources of friction...
56
cards
16.1 Facts and Definitions
What is the government s budget c...,
What is the difference between ho...,
Equation for govenment expenditure
26
cards
16.2 Two Analytical Issues
What are two issues that we must ...,
What does the level of nettax rev...,
What is the typical effect on gov...
29
cards
16.3 The Effects of Government Debt and Deficits
What do we assume in our macro mo...,
A fiscal expansion crowds out pri...,
What are the long run effects of ...
26
cards
16.4 Formal Fiscal Rules
It would be extremely difficult t...,
Even if it were possible for the ...,
What would an annually balanced b...
8
cards
19.1 The Balance of Payments
What is a balance of payments acc...,
How are each transatction in a ba...,
What do we actually meanw hen we ...
27
cards
19.2 The Foreign-Exchange Market
What does trade between countries...,
What is the exchange of one curre...,
In canada what is the exchange rate
31
cards
19.3 The Determination of Exchange Rates
Where are transactions made by th...,
We now consider three possibiliti...,
What kind of exchange rate do mos...
52
cards
19.4 Three Policy Issues
What are the three policy issues ...,
In most years has canada had a tr...,
Does canada tend to have a surplu...
66
cards
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ECON 203
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