| Bank rate | the interest rate CPA members are charged on advances from the Bank of Canada
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| Canada Savings Bonds | federal government bonds that have a set value throughout their term
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| Contractionary monetary policy | a policy of decreasing the money supply and increasing interest rates to dampen the economy
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| Cost-push inflation | inflation that occurs as increased production costs decrease aggregate supply, which then pushes up prices
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| Demand-pull inflation | inflation that occurs as increased aggregate demand pulls up prices
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| Expansionary monetary policy | a policy of increasing the money supply and reducing interest rates to stimulate the economy
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| Long-run aggregate supply curve | the vertical AS curve at the potential output level
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| Open market operations | the buying and selling of bonds by the Bank of Canada
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| Overnight rate | the interest rate on overnight loans between chartered banks and other financial institutions
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| Phillips curve | a curve expressing the assumed fixed and predictable inverse relationship between unemployment and inflation
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| Prime rate | the lowest possible interest rate charged by deposit-takers on loans to their best corporate customers
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| Stagflation | a combination of consistently low output (and so constant or expanding unemployment) and rising inflation
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| Treasury bills | short-term federal government bonds that provide no interest but are sold at a discount
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2002 McGraw-Hill Higher Education