COMM 1010 Chapter Notes - Chapter 4: Money Supply

• School: Dalhousie University
• Department: Commerce
• Course: COMM 1010
• Professor: Mc Larney

Document Summary

National policy: government directive that placed high tariffs on imports from the. Us to protect canadian manufacturing, which had higher costs. Crown corporation: a company that is owned by the federal or provincial government. Privatization: the process of governments selling crown corporations. Markteting boards: organizations that control the supply or pricing of certain agricultural products in canada. Fiscal policy: the federal government s effort to keep the economy stable by increasing or decreasing taxes or government spending. Deficit: occurs when a government spends over and above the amount it gathers in taxes for a specific period of time (namely, a fiscal year) National (federal) debt: the accumulation of government surpluses and deficits over time. Federal budget: a comprehensive report that reveals government financial policy for the coming year. Monetary policy: the management of the money supply and interest rates (controlled by the bank of canada) Transfer payments: direct payments from governments to other governments or to individuals.