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AP Macroeconomics Unit 3 Study Guide Questions And Answers
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AP Macroeconomics Unit 3 Study Guide Questions And Answers in which of the following ways in the short run? AD: Decrease. AS: No Change An increase in consumer spending will most likely cause the price level and real GDP to change in which of the following ways in the short-run? PL: Increase/G...

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  • October 13, 2024
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  • 2024/2025
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AP Macroeconomics Unit 3 Study Guide
Questions And Answers

in which of the following ways in the short run? AD: Decrease. AS: No Change




An increase in consumer spending will most likely cause the price level and real GDP to change

in which of the following ways in the short-run? PL: Increase/GDP: Increase




A simultaneous increase in inflation and unemployment could be explained by an increase in...?

Inflationary Expectation




When firms restructure their operations to decrease production costs, the aggregate supply curve,

the price level, and the real output will change in what way? AS: Shift to right: PL

Decrease. Output: Increase




What is true about the marginal propensity to consume It determines the size of the simple

spending multiplier




In a closed economy with only lump-sum taxation, if the marginal propensity to consume is

equal to .75, a $70 billion increase in government spending could cause a maximum increase in

output of... $280 billion

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