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ECON 1023 WI02 Macroeconomic Principles 2025 Winter
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The deposit multiplier is
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Consumer Surplus at a given price and the corresponding quantity demanded is equal to:
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Money supply or money stock M1 is equal to:
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If the nominal rate of interest is 10% and the expected real rate of interest is 3%, then the expected inflation rate is equal to
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The quantity theory states that
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The Phillips curve shows that
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Perfect competition produces an efficient allocation of resources because
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Suppose that we know that an increase in the price of good A causes a downward shift in the demand curve for good B. Then we may conclude that
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Everything else equal, when the exchange rate of a country’s currency (the price of its currency in terms of a foreign currency) decreases, then
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When the interest rate in Canada decreases but the interest rate in other countries remains unchanged
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