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Ap Macroeconomics unit 3 MCQ Questions And Answers $12.99   Add to cart

Exam (elaborations)

Ap Macroeconomics unit 3 MCQ Questions And Answers

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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...

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  • October 13, 2024
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  • Exam (elaborations)
  • Questions & answers
  • AP Macroeconomics
  • AP Macroeconomics
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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.

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