Ap macro - Study guides, Class notes & Summaries

AP Macro MC Practice test questions with Answer Key

Movement on Short-Run Phillips Curve CORRECT ANSWER Shift in AD (graph movement is in opposite direction) Shift of Short-Run Phillips Curve CORRECT ANSWER Shift in SRAS (shift is in opposite direction) Factors of Production CORRECT ANSWER 1. Land 2. Labor 3. Capital 4. Technology Shifters of Demand for Loanable Funds CORRECT ANSWER 1. Incentive to Invest 2. Contractionary Fiscal Policy (to the right) Shifters of Supply of Loanable Funds CORRECT ANSWER 1. Incentive to Save 2. Mon...

AP Macroeconomics Ultimate Guide 2023 with complete solution

AP Macroeconomics: Final Exam Questions and Answers (latest update 2024)

P Macroeconomics UPDATED Actual Exam Questions and CORRECT Answers Movement on Short-Run Phillips Curve - CORRECT ANSWER- Shift in AD (graph movement is in opposite direction) Shift of Short-Run Phillips Curve - CORRECT ANSWER- Shift in SRAS (shift is in opposite direction)

AP Macroeconomics Final Exam Revision Material

AP Macroeconomics Final Questions and Answers (Latest Update 2024)

aggregate demand curve - correct answer a curve depicting the relationship between real GDP demanded (i.e., expenditures) and the price level in the economy; the aggregate demand curve slopes downward from left to right. aggregate supply curve - correct answer a curve defining the relationship between real production and price level. business cycles - correct answer fluctuations in real GDP around the trend value; also called economic fluctuations. consumer surplus - correct answer the ...

aggregate demand curve CORRECT ANSWER a curve depicting the relationship between real GDP demanded (i.e., expenditures) and the price level in the economy; the aggregate demand curve slopes downward from left to right. aggregate supply curve CORRECT ANSWER a curve defining the relationship between real production and price level. business cycles CORRECT ANSWER fluctuations in real GDP around the trend value; also called economic fluctuations. consumer surplus CORRECT ANSWER the differen...

What is the most fundamental issue that economics addresses? - correct answer Use of scarce resources Inflation occurs when there is a sustained increase in - correct answer average price level An increase in spending in an economy will cause a multiplied increase in GDP because - correct answer consumption increases as income increases A contraction in the money supply will most likely change the nominal interest rate and aggregate demand in what way in the short run? - correct ...