Explain why higher share prices and house prices are equivalent to saving. Gains in stock markets and
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Explain why higher share prices and house prices are equivalent to saving.
Gains in stock markets and increased house prices boosted Canadians’ wealth in the first quarter of 2014. On a per capita basis, household wealth rose to $222,600. Statistics Canada also reported that consumption expenditure increased by $4 billion in the first quarter of 2014.
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Solution My explanation is that higher stock markets and higher house prices are equi...View the full answer
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Related Book For 
Microeconomics Canada In The Global Environment
ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
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