Semester 1 AP Macro

Which of the following is the Spending Multiplier?

The Phillips Curve represents the relationship between

Unemployment benefits would be considered which type of fiscal policy?

An increase in the price of a close substitute of pepsi would 

Which of the following events would cause aggregate demand to shift to the left

A person who loses his/her job as a result of a decrease in national output is said to be

The graph shows what type of shock?

If the government engages in expansionary fiscal policy, what would happen to unemployment?

An increase in the rGDP would have what effect on unemployment?

Calculate the Real GDP if Nominal GDP is 300 and the Deflator is 120

MPC is 0.6. Taxes are decreased by $400 billion. What's the effect on rGDP?

Senor Richardson's birthday is

GDP when it is evaluated at current market prices

In the Resource Market, rent, wages, and interest is traded for

According to the graph, what type of gap is this economy currently experiencing?

An increase in which of the following will cause an increase in aggregate demand?

An effective Price Ceiling would cause

The Law of Increasing Opportunity Costs is represented by which type of PPC?

Mr. Kim's favorite drink at Starbucks

An increase in which of the following would cause an increase in aggregate supply?

When was the Rubik's Cube invented?

According to the short run Phillips Curve, high inflation would have to correlate to

Using Okun's Law, if the NRU is 9% calculate the % loss in rGDP

There is a difference between normal and inferior goods. A cheeseburger would be considered

When the economy is in the Keynesian section, the economy is in a recession or a depression. 

This type of economics involves value judgments about what the economy should be like