AP Macroeconomics Bundled Exams Questions and Answers

AP Macroeconomics-Module 2 Study Guide with Complete Solutions business cycle - Answer-The short-run alternation between economic downturns, known as recessions, and economics upturns, known as expansions depression - Answer-A very deep and prolonged downturn recession - Answer-A period of econ...

AP Macroeconomics-Module 14 and 15 Study Guide real wage - Answer-The wage rate divided by the price level real income - Answer-Income divided by the price level inflation rate - Answer-The annual percent change in a price index--typically the consumer price index. The inflation rate is positiv...

AP Macroeconomics-Module 16 and 17 Study Guide with Complete Solutions marginal propensity to consume (MPC) - Answer-The increase in consumer spending when income rises by $1. Because consumers normally spend part but not all of an additional dollar of disposable income, MPC is between 0 and 1. ...

AP Macroeconomics-Module 22 Study Guide with Complete Solutions interest rate - Answer-The price, calculated as a percentage of the amount borrowed, charged by lenders to borrowers for the use of their savings for one year savings-investment spending identity - Answer-An accounting fact that sta...

AP Macroeconomics-Module 23 Study Guide

Section 5 WS AP Macroeconomics Study Guide with Complete Solutions A share in the ownership of a company held by a shareholder is considered a - Answer-stock Which of the following would accurately characterize the portion of a firm's profit paid to the owner of one share of its stock? - Answ...

AP Macroeconomics Unit 2 Progress Check: MCQ Questions and Correct Answers Which statement is true about the circular flow diagram of an economy? A) The market for goods and services connects household spending to government spending. B) The market for factors of production connects household s...

AP Macroeconomics Unit 5 Study Guide Contractionary monetary policy - Answer-REDUCES the money supply. The Fed may decide to take a contractionary approach by INCREASING the interest rates. Indicates a shift in AD to the left to full employment, and reduce inflationary pressures Cost Push Inflat...

ap macroeconomics unit 6 study guide exports - imports - Answer-net exports = trade surplus - Answer-exporting more than importing trade deficit - Answer-exporting less than is imported lowest opportunity cost (comparative advantage) - Answer-what often determines who exports what and who impor...