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Perfect handwriting Summary Macroeconomics, ISBN: 9780134835822 ECO102 (ECO102) CA$32.82   Add to cart
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  3. University Of Toronto (U Of T )
  4.  
  5. Economics
  6.  
  7. ECO102 (ECO102)

Summary

Perfect handwriting Summary Macroeconomics, ISBN: 9780134835822 ECO102 (ECO102)
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Wonderful handwriting notes for macroeconomics. More than 60 pages of notes about basic concepts, difficult calculations, vivid diagrams of the curves shift, and thoroughly explained fallible points. It is one of the BEST macroeconomic notes you have ever seen.

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  • Yes
  • November 2, 2022
  • 66
  • 2022/2023
  • Summary

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0102
Ec

, LectureINational.productiproductionofnewgoodsandservicesthat.ge
mateincomewithinaneconomyloutputl.Nat.io
nal




TotalvalueofincomegeneratedwithinaneconomyG.ro
Inwme :




ProductCGDP-susedindicatorfornationalpnoduct.im
ss Domestic



0
A centralmeasureofannualeconomicac.tnWty 。




Totalaggregateproductionwithinaneconomyinaperiod.co
0




GDPisaflow.notastock.GDPpercapitalfRea.li
GDP Gwwth ( %)



ThebusinessgdeRe.at
- Declines Troughs



Recoverypercapital-speaksretporien-uGDPtimeRec.es
^ → →




sioniActualdedinesinGDPGwnthlnegat.ie
%
quarleriDepresc.im
-
2




eepandlong-lastingrece.si
:D

0ns ,

, EconomicGwwthiGDPfolwwsalong-te.mg
rowthratecapturedbyacountngslongtemgrowthtrend.ly
desofhigherandlowergrowtharoundthelong-termgmot.hn

trend.TheimporlanaofNationdI.name
GrowthiNationalInwnemeasuresarefundament.at
widehgvieuedindicatorsforanationale.co
nomy 。
,




determinantofimprouementsinasociogsoueroustand.cn
>




rdofliwng.Inflationopricelaeliavergelevelofal prias.in
theeconomy.co
Inflat.im:1?ateofchangeforthepricewvelovertime.
"

⽐⽐1



thepriceoflaborandcapitalHouseholdincomeasweU.no
price indud.es
"
>




Generalhgmeasured.by CPI ,
GDPD

, deflation
:




savings currency delay in purchasing
Debt ⼀
⼀ ⼀
⼀
⼀




change lose faith bebt
'

⼀
⼀ didn t .




⼀

do about Inflation ?
why we care


Reduced purchasing noteverything
powerofdolors is adequately
0




indexed ⽐ inflation
0



Menu costs and shoe -


leather costs (
updating costs ) .




Inflation ( variance 7 makes it harder read loud
price
.




to as a measuve


of scarity and
surplrs ,




.




Increased fimancial
0




uncereainy
、




CPI C consumer Price Indices )


e
The Contral Bank wid choose a bundle of goods that repnesent

ypical household consumption
'

a s
patterns .




imperfeot
household ooksfor a
representaeive
-




{ products / dated
The OpI quantities are
periodicolly up .




CPIs are used o compae prices in diffevent years .




Example ; 4 Apples ,
24 milks

base Pa 4 pm 4 4× 4 + 4 × 24 =
112
year
= =




next Pa 5 Pm 6 4× 5 + 6 × 24 164
year
= =
=




CPI =
New Cost
X 100 = 丛
10
× 100 = 140 .
4

( 12
Base cost


CPIt + 1 PIt 146 4 100
%
-




Inflation
-




⼆ 46 4
.




=
⼆ × 100 .




CPIt 1o 0

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