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AP Macro Graphs & Formulas Flashcards | StudBud
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AP Macro Graphs & Formulas
AP Macro Graphs & Formulas
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Questions
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Answers
1
Y axis: Real Interest Rate
AD/AS
Phillips Curve
Money Market
Loanable Funds
2
X axis: unemployment ; Y axis: inflation
Money Market
Loanable Funds
Phillips Curve
AD/AS
3
Which graph?
Loanable Funds
Phillips Curve
Money Market
AD/AS
4
Real values account for inflation.
True
False
5
X axis: Quantity of Money ; Y axis: Nominal Interest Rate
Money Market
Phillips Curve
Loanable Funds
AD/AS
6
GDP Deflator =
(Market Basket CY/Market Basket BY) x 100
1/MPS
(-) MPC/MPS
Nominal GDP/Real GDP
7
Tax Multiplier
Nominal GDP/Real GDP
(-) MPC/MPS
1/MPS
(Market Basket CY/Market Basket BY) x 100
8
CPI =
Nominal GDP/Real GDP
(-) MPC/MPS
(Market Basket CY/Market Basket BY) x 100
1/MPS
9
Which graph?
Phillips Curve
AD/AS
Money Market
Loanable Funds
10
What is the graph showing?
Inflationary Gap
Recessionary Gap
Negative Output Gap
Positive Output Gap
11
In the FOREX market, an increase in demand for the currency causes it to:
appreciate
depreciate
12
What determines the supply of loanable funds?
foreign investment
consumer borrowing
consumer savings
none of the above
13
X axis: real GDP ; Y axis: PL (price level)
AD/AS
Money Market
Phillips Curve
Loanable Funds
14
Which graph?
Production Possibilities
Foreign Exchange
Loanable Funds
AD/AS
15
If the US interest rate increases relative to Mexico, the demand for US dollars will increase.
True
False
16
An increase in AD causes a _____ shift on the AD/AS graph. This corresponds to a leftward ______ on the Phillips Curve.
rightward; shift
leftward; shift
leftward; shuffle
rightward; shuffle
17
Yf = NRU
True
False
18
Spending Multiplier
(Market Basket CY/Market Basket BY) x 100
Nominal GDP/Real GDP
(-) MPC/MPS
1/MPS
19
MPC + MPS = 0
True
False
20
Unemployment Rate =
labor force/working age population
(unemployed/labor force) x 100
21
Nominal GDP =
W + i + R + P
P x Y
C + I + G + Xn
P x Q
22
Quantity Theory of Money
MPC + MPS
MV = PY
1/rr
P x Q
23
Which graph?
Loanable Funds
AD/AS
Money Market
Phillips Curve
24
What is the graph showing?
Negative Output Gap
Recessionary Gap
Positive Output Gap
Inflationary Gap
25
Which graph?
Loanable Funds
Money Market
Phillips Curve
AD/AS
26
A decrease in SRAS causes a _____ shift on the AD/AS graph. This corresponds to a righward ______ on the Phillips Curve.
rightward; shuffle
leftward; shift
rightward; shift
leftward; shuffle
27
In the FOREX market, who demands currency?
residents
foreigners
28
Which graph?
AD/AS
PPC
Loanable Funds
Foreign Exchange
29
Money Multiplier
MPC + MPS
1/rr
P x Q
MV = PY
