Semester 1 AP Macro

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

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

Mr. Kim's favorite drink at Starbucks

Unemployment benefits would be considered which type of fiscal policy?

When was the Rubik's Cube invented?

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

The graph shows what type of shock?

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

Senor Richardson's birthday is

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

An effective Price Ceiling would cause

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

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

Which of the following is the Spending Multiplier?

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

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

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

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

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

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

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

GDP when it is evaluated at current market prices

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

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

The Phillips Curve represents the relationship between