Demand shifters - Study guides, Class notes & Summaries
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AP Macroeconomics Exam Questions With Correct Answers
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AP Macroeconomics Exam Questions With 
Correct Answers 
Movement on Short-Run Phillips Curve - answerShift in AD (graph movement is in opposite 
direction) 
Shift of Short-Run Phillips Curve - answerShift in SRAS (shift is in opposite direction) 
Shift of Long-Run Phillips Curve - answerFactors of Production/Shift in LRAS (shift is in 
opposite direction) 
Factors of Production - answer1. Land 
2. Labor 
3. Capital 
4. Technology 
5. Sometimes Foreign Trade 
Shifters of Demand for Loanable Funds...
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ECN 211 ASU Final Exam Marburger questions with correct answers|100% verified
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ECN 211 ASU Final Exam Marburger questions with correct answers 
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-t...
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ECON 2110 - Clemson: Exam 1 Latest Update Graded A
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ECON 2110 - Clemson: Exam 1 Latest Update Graded A Absolute Advantage The ability to produce a good using fewer inputs than another producer. 
Comparative Advantage The ability to produce a good at a lower opportunity cost than another producer. 
Possible It is ( possible/impossible ) for a country to have an absolute advantage in both goods. 
Impossible It is ( possible/impossible ) for a country to have a comparative advantage in both goods. 
The inverse of the first good If you have the oppor...
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ECN 211 ASU Final Exam Marburger Questions And Answers
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ECN 211 ASU Final Exam Marburger Questions And Answers 
The Circular Flow Diagram - ANS Green arrows represent the flow of money and red represents to flow of goods/services 
 
Production possibilities Frontier/ Curve PPF: PPC - ANS The curve shows what is possible within an economy 
D- impossible 
A&B - feasible efficient 
C - feasible & inefficient 
 
PPF shifts out when... - ANS the economy can produce more of everything 
 
Opportunity Cost - ANS the cost of what you give up to g...
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Kent State University Microeconomics Exam Questions and Answers
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Kent State University Microeconomics Exam Questions and Answers 
 
They will hire another worker when... - Answer-MRPL is > or = wage (w) 
 
market labor demand - Answer-add up all of the firms quantity demanded for labor at each wage 
 
Shifters of labor supply - Answer-wealth- if wealth goes up you will work less (shifts left) 
increase in population- shifts market labor supply to the right 
changing demographics- more women in work force (shift to right) 
changing alternatives- less bank...
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Econ 402 Exam 2 || very Flawless.
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How does optimal price depend on price level P and output Y? correct answers Directly related - as output or price level grow, so too does optimal price 
 
Procyclicality of TFP - Classical correct answers TFP drives the business cycle 
 
Procyclicality of TFP - Keynesian correct answers Use factors of production at higher intensity during booms (Solow residual represents intensity increase/ is TFP) 
 
Procyclicality of Money Supply - Classical correct answers Reverse causality: Higher output Y ...
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AP Macroeconomics Exam Review Questions and Answers A Score
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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...
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ECON 102 Exam 1 Latest Update 100% Pass
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ECON 102 Exam 1 Latest Update 100% Pass Economic Analysis People making decisions economic wat of thinking 
Choices: Costs and Benefits Performing a certain economic action will increase our well-being if the benefits are greater than the costs (choices are the result of scarcity) 
Self Interest The pursuit of one's own goals (does not always mean increasing one's wealth; could also include prestige, friendship, love, and feeling good) 
Rationality Assumption The assumption that people do not ...
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AP Macro Shifters Questions And Answers
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AP Macro Shifters Questions And Answers 
Shifters of Aggregate Demand Consumer spending 
Investment spending 
Government spending 
Net exports 
(AKA GDP) 
Shifters of Aggregate Supply Inflationary expectations 
Resource prices 
Actions of government (taxes, regulations) 
Productivity 
(AKA IRAP)
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EREC 411 Final Exam with correct answers 2024
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which of the following things are scarce? - answer-everything that cost money 
 
the nominal interest rate is 7%. The inflation rate if 3% - answer-the real rate of interest is 4% 
 
the amount of a given input purchase by a firm depends on the: - answer-*price of finished good 
*prices of all other related goods 
*price of the input 
*state of technology 
 
The legislative act that established the Land Grand University System - answer-Merrill Act 
 
"Superstorm Sandy" disrupted transportation...
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