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AP Macroeconomics Flashcards | StudBud
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AP Macroeconomics
AP Macroeconomics
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Help review for AP Macroeconomics.
Flashcards
15 cards
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Questions
15
Answers
1
Which of the following assets is considered the most liquid?
Loan
Bond
Cash
Stock
2
Which of the following Fed actions led to the change in the graph?
increase taxes
Sell bonds
Buy bonds
3
Which of the following is expansionary fiscal policy?
Decrease government spending
Increase government spending
Increasing taxes
4
The largest component of GDP is:
net imports
net exports
consumer spending
investment spending
5
Bernie is skilled in fixing landlines & they become outdated,what type of unemployment is this?
Cyclical
Structural
Frictional
6
What measures the size of an economy?
GDP
Aggregate Demand
Inflation
Monetary Policy
7
Final decisions about monetary policy in the U.S. are made by:
Federal Open Market Committee
Federal Reserve Chair
President
Congress
8
In the long run, the Aggregate Supply curve is...
Upward Sloping
Vertical
Horizontal
Flat
9
Goals of a monetary policy are...
economic growth
lower unemployment
stability
10
This graph is called
ppc curve
phillips curve
laffer curve
11
What should the y-axis be labeled on this graph?
inflation
unemployment
nominal interest rate
12
Which of the following is an example of contractionary monetary policy?
Decreasing taxes
Decreasing discount rate
Increasing reserve requirement
13
Fiscal policy is carried out primarily by:
Federal government
State governments
Local governments
State and local governments
14
What are the components of Aggregate Demand?
C, I, G, NX
I, G, NX
None
C, I, G
15
Which policy has been used to shift the AD curve to the right?
Contractionary Fiscal Policy
Expansionary Fiscal Policy
Monetary Policy
