Ppc shifters - Study guides, Class notes & Summaries

AP Macroeconomics Exam Review Questions and Answers A Score 1. Movement on Short-Run Phillips Curve: Shift in AD (graph move opposite direction) 2. Shift of Short-Run Phillips Curve: Shift in SRAS (shift is in oppo 3. Factors of Production: 1. Land 2. Labor 3. Capital 4. Technology 4. Shifters of Demand for Loanable Funds: 1. Incentive to Invest 2. Contractionary Fiscal Policy (to the right) 5. Shifters of Supply of Loanable Funds: 1. Incentive to Save 2. Monetary Policy 3. Expansio...

The Circular Flow Diagram CORRECT ANSWER Green arrows represent the flow of money and red represents to flow of goods/services Production possibilities Frontier/ Curve PPF: PPC CORRECT ANSWER The curve shows what is possible within an economy D- impossible A&B - feasible efficient C - feasible & inefficient PPF shifts out when... CORRECT ANSWER the economy can produce more of everything Opportunity Cost CORRECT ANSWER the cost of what you give up to get something else in terms of tim...

ECN 211 FINAL EXAM ASU LATEST ACTUAL EXAM WITH VERIFIED QUESTIONS AND ANSWERS 100% A GRADED Absolute Advantage - ANSWER-Who can make most of that good Comparative Advantage - ANSWER-The lowest opportunity cost for that good What would allow Panama and Canada to trade? - ANSWER-They want to trade within their opportunity cost Demand - ANSWER-The amount consumers are willing and able to purchase Supply - ANSWER-The amount that producers are willing and able to produce Law of demand - ...

AP Macroeconomics Exam Review Questions and Answers Solved 2023 Producing a good or service if he or she can make more of it with a given amount of time and resources. - Absolute Advantage Producing a good or service if the opportunity cost of producing the good or service is lower for that individual than for other people. - Comparative Advantage If the opportunity cost of manufacturing machinery is lower in the United States than in Britain and the opportunity cost of manufacturing sw...

Microeconomics Concepts and Videos Unit 1: Basic Economic Concepts UNIT 1 Overview- Introduction  Scarcity  Microeconomics vs. Macroeconomics  Positive vs. Normative Economics  Self-Interest and Incentives  Marginal Analysis  Opportunity Cost and Trade-offs  Four Factors of Production  Capital Goods and Future Growth VIDEO 1.1- Production Possibilities Curve  Efficiency  Straight vs. Bowed PPC  Law of Increasing Opportunity Costs VIDEO 1.2- Shiftin...

AP Macro Economics Unit 1 to 3 Summary. From shifters of each graph to equations and vocabularies, everything is written in detail with clear explanations. PPC, demand shifters, GDP, unemployment, inflation, CPI, fiscal policy, tariff, all included with additional notes for AP Test preparation.