Exam (elaborations)
AP Macroeconomics Exam Review questions with correct answers
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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 Shifters of Demand for Loanable Funds CORRECT ANSWER 1. Incentive to Invest 2. Contractionary Fiscal Policy (to the right) Shifters of Supply of Loanable Funds CORRECT ANSWER 1. Incentive to Save 2. Monetary Policy 3. Expansionary Fiscal Policy (to the left) Shifters of Money Supply CORRECT ANSWER Monetary Policy Federal Reserve Bank Shifters of Money Demand CORRECT ANSWER 1. Price Level 2. Income
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AP Macroeconomics
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AP Macroeconomics
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