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Can you answer the questions on the Macroeconomics Exam Review?

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An offsetting reduction of private expenditure caused by the rise in interest rates that follow an expansionary fiscal policy.
What do tariffs generate for the government?
Tariffs are put in place to raise what of the imported products?
What can the goverment do after shock, to reduce cyclical unemployment?
What does NAFTA not impose on imports and exports?
An economic term describing capital flowing out of (or leaving) a particular economy.
What happens to the unemployment rate during periods of rapid economic growth?
The difference between the government’s overall budget deficit and its debt service payments.
Can be interpreted as the amount of import goods an economy can purchase per unit of export goods.
A type of economical conflict between two or more states.
What diagram shows conumption and income as equals?
What is unemployment due to deviations of GDP from Y* called?
What type of run occurs when Real GDP goes up?
What is calculated by the cumulative loss in real GDP, expressed as a % of potential output, divided by the % reduction in the inflation rate.
The portion of money that a bank actually holds as reserves in the form of cash/deposits with the central bank.
The practice of selling a commodity at a lower price in the export market than in the domestic market
All outputs used as inputs by other producers (bricks/cement for houses)
Why is an annually balanced budget bad?
Government spending that isn’t included on GDP has no effect on what?
How does the bank validate inflation?
The individuals who are not currently working and who are actively searching for a job are known as what kind of workers?
Measured in constant dollars. Changes only when quantities change.
A group of countries that agree to have free trade among themselves and a common set of barriers against imports from the rest of the world.
The interest rate the Bank of Canada charges commercial banks for loans.
What does Canada need to value and price during trading?
The situation that exists when a country can produce a good with less forgone output of other goods than another country can.
The outstanding stock of financial liabilities for the government , equal to the accumulation of past budget deficits.
What does a currency do when it has become more valuable?
What happens to the Canadaian Dollar if we adopt a contractionary monetary policy?
What is the name for the bond that offers a coupon rate higher than prevailing interest rates.
What is any leftward shift in the AS curve that is not caused by excess demand in the markets known as?
What country is often associated with cheap labour?
What is represented by the formula: (Y-Y*) ?
What is deciding not to work because lack of pay or lack of your specific job called?
What is unemployment resulting from normal turnover in labour market as workers move between jobs?
What is caused by a positive aggregate demand shock
What does PPP stand for?
Which way does the A/E curve shift when domestic price level falls?
A new industry, which experiences difficulty or is incapable of competing with competitors abroad.
A cyclical balanced budget is over the course of how long?

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