100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
2.7 Vocabulary & Notes | AP Macroeconomics Questions And Answers $13.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. AP Macroeconomics
  4.  
  5. AP Macroeconomics

Exam (elaborations)

2.7 Vocabulary & Notes | AP Macroeconomics Questions And Answers
 1 view  0 purchase
  • Course
  • AP Macroeconomics
  • Institution
  • AP Macroeconomics

2.7 Vocabulary & Notes | AP Macroeconomics Questions And Answers Positive Output Gap/Inflationary Gap occurs when actual output is more than fullcapacity output; demand is very high and, to meet that demand, factories and workers operate far above their most efficient capacity A _________ is...

[Show more]

Preview 1 out of 3  pages

Document information

  • October 13, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • AP Macroeconomics
  • AP Macroeconomics

Seller

avatar-seller
UpperClass

Reviews received

Content preview

2.7 Vocabulary & Notes | AP
Macroeconomics Questions And Answers

Positive Output Gap/Inflationary Gap occurs when actual output is more than full-

capacity output; demand is very high and, to meet that demand, factories and workers operate far

above their most efficient capacity




A _________ is a consecutive 6 month period of decline in real GDP. recession




Recessions that are very intense and/or last for a year or longer are called a ___________.

depression




During the peak... ...unemployment is at its lowest, GDP is at its highest, and prices are at

their highest




During the recession... ...unemployment is increasing, GDP is decreasing, and prices are

decreasing




During the trough.... ...unemployment is at its highest, GDP is at its lowest, and prices are

at their lowest

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 $13.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79223 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.99
  • (0)
  Add to cart