AP Macroeconomics BUNDLED Exams 2024 with 100% correct answers

Which of the following is generally not considered a macroeconomic goal? - correct answer E Zero frictional unemployment Which of the following is consistent with the law of demand? - correct answer D A decrease in the price of mouse pads causes an increase in the amount of mouse pads purch...

Scarcity exists because - correct answer A. human wants exceed the resources available to satisfy them An opportunity cost is - correct answer C. the benefits of the highest-valued alternative forgone You have chosen to take a trip during spring break. If you had not gone, you would eit...

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 be...

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 - c...