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AP Macroeconomics Tests Bundle Set
AP Macroeconomics Tests Bundle Set
[Show more]AP Macroeconomics Tests Bundle Set
[Show more]aggregate demand curve CORRECT ANSWER a curve depicting the relationship between real GDP demanded (i.e., expenditures) and the price level in the economy; the aggregate demand curve slopes downward from left to right. 
 
aggregate supply curve CORRECT ANSWER a curve defining the relationship betwee...
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Add to cartaggregate demand curve CORRECT ANSWER a curve depicting the relationship between real GDP demanded (i.e., expenditures) and the price level in the economy; the aggregate demand curve slopes downward from left to right. 
 
aggregate supply curve CORRECT ANSWER a curve defining the relationship betwee...
Movement on Short-Run Phillips Curve CORRECT ANSWER Shift in AD (graph movement is in opposite direction) 
 
Shift of Short-Run Phillips Curve CORRECT ANSWER Shift in SRAS (shift is in opposite direction) 
 
Factors of Production CORRECT ANSWER 1. Land 
2. Labor 
3. Capital 
4. Technology 
 
Shifter...
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Add to cartMovement on Short-Run Phillips Curve CORRECT ANSWER Shift in AD (graph movement is in opposite direction) 
 
Shift of Short-Run Phillips Curve CORRECT ANSWER Shift in SRAS (shift is in opposite direction) 
 
Factors of Production CORRECT ANSWER 1. Land 
2. Labor 
3. Capital 
4. Technology 
 
Shifter...
society's virtually unlimted wants paired our scarce and limited resources create this problem CORRECT ANSWER the "economizing problem" 
 
usefulness or satisfaction CORRECT ANSWER utility 
 
all natural, human, and manufactured items that go into the production of goods and services CORRECT ANSW...
Preview 3 out of 30 pages
Add to cartsociety's virtually unlimted wants paired our scarce and limited resources create this problem CORRECT ANSWER the "economizing problem" 
 
usefulness or satisfaction CORRECT ANSWER utility 
 
all natural, human, and manufactured items that go into the production of goods and services CORRECT ANSW...
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