(See related pages)
Below are the key terms featured in this chapter. The textbook's full glossary is also available for online searching.
|
|
|
| bank rate | the interest rate CPA members are charged on advances from the Bank of Canada (See page(s) 334) |
| |
| |
| |
| Canada Savings Bonds | federal government bonds that have a set value throughout their term (See page(s) 335) |
| |
| |
| |
| contractionary monetary policy | a policy of decreasing the money supply and increasing interest rates to dampen the economy (See page(s) 337) |
| |
| |
| |
| cost-push inflation | inflation that occurs as increased production costs decrease aggregate supply, which then pushes up prices (See page(s) 345) |
| |
| |
| |
| demand-pull inflation | inflation that occurs as increased aggregate demand pulls up prices (See page(s) 342) |
| |
| |
| |
| expansionary monetary policy | a policy of increasing the money supply and reducing interest rates to stimulate the economy (See page(s) 336) |
| |
| |
| |
| long-run aggregate supply curve | the vertical AS curve at the potential output level (See page(s) 347) |
| |
| |
| |
| open market operations | the buying and selling of bonds by the Bank of Canada (See page(s) 338) |
| |
| |
| |
| overnight rate | the interest rate on overnight loans between chartered banks and other financial institutions (See page(s) 340) |
| |
| |
| |
| Phillips curve | a curve expressing the assumed fixed and predictable inverse relationship between unemployment and inflation (See page(s) 343) |
| |
| |
| |
| prime rate | the lowest possible interest rate charged by deposit-takers on loans to their best corporate customers (See page(s) 340) |
| |
| |
| |
| stagflation | a combination of consistently low output (and so constant or expanding unemployment) and rising inflation (See page(s) 345) |
| |
| |
| |
| treasury bills | short-term federal government bonds that provide no interest but are sold at a discount (See page(s) 335) |