Ap macroeconomics exam - Study guides, Class notes & Summaries
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AP Macroeconomics Exam Review questions and answers 2024 latest update graded A+
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AP Macroeconomics Exam Review questions and answers 2024 latest update graded A+
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AP Macroeconomics Terms Exam Questions and Answers (Graded A)
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AP Macroeconomics Terms Exam Questions and Answers
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AP Macroeconomics Exam Questions Correct Answers Current Update (A+ Pass)
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AP Macroeconomics Exam Questions Correct Answers Current Update (A+ Pass) 
 
Economics - Answers - The social science that studies how individuals, institutions, and society make the optimal best choices under conditions of scarcity 
 
Microeconomics - Answers - Specific units in the economy (ex: how prices and output are determined for products and how customers react to price changes)d 
 
Macroeconomics - Answers - the study of economy-wide phenomena, including inflation, unemployment, and eco...
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AP Macroeconomics Definitions Exam Questions and Answers
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AP Macroeconomics Definitions Exam Questions and Answers
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AP MACROECONOMICS EXAM COMPREHENSIVE REVIEW 2024
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AP MACROECONOMICS EXAM COMPREHENSIVE REVIEW 2024 
society's virtually unlimted wants paired our scarce and limited resources create this problem - Answer>> the "economizing problem" 
 
usefulness or satisfaction - Answer>> utility 
 
all natural, human, and manufactured items that go into the production of goods and services - Answer>> economic resources 
 
they are the four factors of production (AKA economic resources) - Answer>> land, labor, capital, entrepreneurshi...
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AP Macroeconomics Exam Review 2024 with 100% correct answers
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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 between real production and price level. 
 
business cycles - correct answer fluctuations in real GDP around the trend value; also called economic fluctuations. 
 
consumer surplus - correct answer the ...
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AP Macroeconomics Exam Review Questions And Complete Solutions
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AP Macroeconomics Exam Review Questions And Complete Solutions
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AP Macroeconomics Exam Questions All Solved New Update (Verified A+ Pass)
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AP Macroeconomics Exam Questions All Solved New Update (Verified A+ Pass) 
 
Circular flow - Answers - A model that shows how households and firms circulate resources, good, and incomes through the economy. This basic model is expanded to include the government and the foreign sector. 
 
Closed economy - Answers - A model that assumes there is no foreign sector (imports and exports) 
 
Aggregation - Answers - The process of summing the microeconomic activity of households and firms into a more m...
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AP Macroeconomics Exam questions with correct answers
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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 between real production and price level. 
 
business cycles CORRECT ANSWER fluctuations in real GDP around the trend value; also called economic fluctuations. 
 
consumer surplus CORRECT ANSWER the differen...
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AP Macroeconomics Exam Practice Test Questions with Answers
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AP Macroeconomics Exam Practice Test Questions with Answers 
According to the short-run Phillips curve, lower inflation rates are associated with 
 
Higher unemployment rates 
Higher government spending 
Larger budget deficits 
Greater labor-force participation rates 
Smaller labor-force participation rates - Answer>> A) Higher unemployment rates 
 
The Phillips curve demonstrates the inversely proportional relationship between inflation and unemployment (more unemployment = lower inflat...
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