Acknowledgments
Page 12-13
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-----The Central Theme: The Circular Flow
Page 19-19
-----Wealth versus Income
Page 19-19
-----Expectations
Page 20-20
-----The Central Bank
Page 20-20
-----Fiscal Policy and Management of Public Debt
Page 20-20
-----International Economic Relationships
Page 21-21
-----Short-Term versus Long-Term Issues
Page 21-21
-----The Role of Economic Indicators in Forecasting
Page 21-22
1 The Circular Flow
Page 23-35
-----Aggregation
Page 25-25
-----Expectations
Page 26-26
-----The System of National Accounts
Page 27-31
-----How Income Is Disposed Of
Page 32-32
-----The Price Level
Page 32-33
-----Why Do Economists Emphasize 'Real' Quantities?
Page 34-34
-----Some Relevant Economic Indicators
Page 35-35
2 The Household Sector
Page 36-49
-----Households' Sources and Uses of Funds
Page 36-39
-----Intermediation by Financial Markets
Page 40-40
-----Consumption and Its Role in the Circular Flow
Page 40-44
-----The Multiplier
Page 45-45
-----Making Sense of the Real World
Page 46-46
-----The Role of Wealth
Page 46-46
-----The Components of Consumer Spending
Page 46-47
-----Housing Investment
Page 48-48
-----Useful Economic Indicators
Page 49-49
3 The Enterprise Sector
Page 50-62
-----Relationship between Desired Stock and Investment Rate
Page 53-53
-----Investment as a Component of Aggregate Demand
Page 53-53
-----Investment and Real Interest Rates
Page 54-54
-----Change in Investment and Aggregate Demand
Page 55-56
-----Why Must Investment be Equal to Saving?
Page 57-57
-----Recent Investment in the Canadian Economy
Page 58-58
-----Residential Construction
Page 58-58
-----Non-residential Construction
Page 59-59
-----Machinery and Equipment
Page 60-60
-----Inventory Investment
Page 61-61
-----Key Economic Indicators
Page 62-62
4 The Government Sector
Page 63-71
-----The Rapid Growth of Government in the Economy
Page 63-63
-----How Governments Enter the Circular Flow
Page 64-70
-----Recent Federal and Provincial Trends
Page 71-71
5 The Bank of Canada and the Deposit-Taking Institutions
Page 72-82
-----Managing the Economy
Page 72-72
-----The Bank of Canada and the Federal Government
Page 72-72
-----The Bank of Canada's Balance Sheet
Page 73-73
-----The Balance Sheets of the Commercial Deposit-Taking Institutions
Page 73-74
-----What Is Money?
Page 75-75
-----The Nightly Clearing
Page 76-76
-----Managing the Overnight Interest Rate
Page 77-78
-----Expectations and the Structure of Interest Rates
Page 79-79
-----The Demand for Money
Page 80-81
-----The Supply of Money
Page 82-82
6 Canada's International Relationships
Page 83-90
-----Balance of Payments
Page 83-84
-----Exchange Rates and Foreign Trade
Page 85-87
-----Factors Influencing Aggregate Real Exports and Imports
Page 88-88
-----Economic Indicators to Watch
Page 89-90
7 Monetary Policy
Page 91-101
-----The Importance of Inflation Expectations
Page 92-92
-----How Is the Price Level Determined?
Page 93-93
-----On What Does Potential Output Depend?
Page 93-95
-----How the Bank of Canada Influences the Rate of Inflation
Page 96-98
-----Complications in Monetary Management
Page 99-99
-----Is Managing Inflation the Same as Managing the Price Level?
Page 99-99
-----The Federal Reserve System and the Relationship between Canadian and American Interest Rates
Page 100-100
-----Interpreting Economic Indicators in the Presence of the Central Bank
Page 100-101
8 The Labour Market
Page 102-110
-----The Key Issue: Stability of the Real Wage
Page 102-103
-----The Canadian Evidence: Relative Real-Wage Stability
Page 104-105
-----Real Wage Growth Reflects Long-Run Productivity Trends
Page 106-106
-----Shares of the Income Pie
Page 106-106
-----How NDI Behaves over the Business Cycle
Page 107-108
-----Why Is the Real Wage So Unresponsive to Changing Demand Conditions?
Page 109-109
-----Economic Indicators to Watch
Page 110-110
9 Fiscal Policy and Management of Public Debt
Page 111-117
-----National Finances and the Public Debt
Page 112-113
-----The Federal Deficit or Surplus
Page 114-114
-----The Public Debt
Page 114-116
-----Sources of Relevant Information
Page 117-117
10 Using the Indicators
Page 118-122
-----Obtaining Information on the Economy
Page 122-122
11 The Canadian Indicators
Page 123-157
-----WEEKLY INDICATORS
Page 124-124
-----MONTHLY INDICATORS
Page 124-149
-----QUARTERLY INDICATORS
Page 150-156
-----ANNUAL INDICATORS
Page 157-157
12 The U.S. Indicators
Page 158-185
-----WEEKLY INDICATORS
Page 158-158
-----MONTHLY INDICATORS
Page 159-182
-----QUARTERLY INDICATORS
Page 183-185
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