AP Macro BM1

Which of the following is true about the natural rate of unemployment

For a nation's real GDP per capita to rise during a year

If the primary goal is to reduce inflation, which of the following fiscal policy actions would be appropriate?

The phase of the business cycle in which real GDP is at a minimum is called

A price ceiling

Which of the following is a short-run aggregate supply determinant?

A recession is a period in which

All points inside the Production Possibilities Curve represent:

Which of the following could Congress do to help prevent a recession?

An inverse relationship between the quantity demanded and price is called the law of

An increase in the stock of physical capital will indicate

Demand-Pull inflation

If there is a decrease in aggregate demand, how would this affect inflation and unemployment?

Which of the following could shift the Long-Run Aggregate Demand Curve

Which of the following would cause a movement along the demand curve?

Which of the following is an aggregate demand determinant

Real GDP per capita is found by

The most important determinant of consumer spending is

Which of the following measures economic growth

An increase in the cost of paper would likely lead to which of the following?

The largest component of total expenditures in the U.S. is

To be officially unemployed a person must

In the circular flow diagram, which of the following is true in the factor market?

Which of the following would increase the supply of candy