Ap Macroeconomics unit 3 MCQ Questions And Answers
1 view 0 purchase
Course
AP Macroeconomics
Institution
AP Macroeconomics
Ap Macroeconomics unit 3 MCQ Questions
And Answers
An increase in the wealth of consumers will likely cause price level and unemployment to
change in what ways? Price level: Increase
UnemploymentL Decrease
A decrease in the price of inputs will result in which of the following in the short r...
Ap Macroeconomics unit 3 MCQ Questions
And Answers
An increase in the wealth of consumers will likely cause price level and unemployment to
change in what ways? Price level: Increase
UnemploymentL Decrease
A decrease in the price of inputs will result in which of the following in the short run? An
increase in the short run aggregate supply and decrease in price level.
What is not true of the concept of long-run An economy cannot produce more output then
what can be produced in the long run.
Assume that the economy is at full employment equilibrium when a negative supply shock
occurs. What won't happen? A decrease in aggregate demand
What will occur to move economy to long run equilibrium? Wages will decrease causing
aggregate supply to increase.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller UpperClass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.