AP Macroeconomics Semester 2 Final

An increase in the money supply is likely to reduce:

Economic planning and ownership of the factors of production by the central government is primarily associated with

The short-run aggregate supply curve shows the:

GDP is the market value of:

Which of the following would shift the aggregate demand curve to the right

What type of unemployment would be caused by a recession?

The Phillips Curve shows the relationship between

Inflation is a rise in:

Economics is best defined as the study of

Fiscal policy is enacted through changes in:

Spending to increase capital goods.

Which would be considered to be one of the factors that shift the aggregate supply curve? A change in:

In the circular flow diagram of a market economy, which of the following supplies the factors of production?

The AD curve is a representation of the relationship between the quantity of all goods and services demanded and:

The recurrent ups and downs in the level of economic activity extending over several years are referred to as:

Where buyers and sellers come into contact.

The production possibilities curve represents:

A left shift in the aggregate demand curve could be caused by

Which of the following is considered a supply shock?

Factors that may cause a change in supply and movement of a supply curve.

The conduct of monetary policy in the United States is the main responsibility of the

The aggregate demand curve shows the:

The situation where GDP output and living standards decline is referred to as

The market system is often known as:

The long-run aggregate supply curve shows