AP Macroeconomics Final exam 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 purchased The PPC above represents the total amount of capital and consumer goods and economy is capable of producing. What is illustrated by the change shown above? - correct answer B And advancement in technology related to the production of capital goods The study of inflation is part of - correct answer B Macroeconomics The statement "you're better off buying a house then renting" is an example of a - correct answer B Normative statement GDP and an economy is $4600 billion. Consumer expenditures are $3500 billion, the government purchases are $900 billion, and gross private domestic investment is $400 billion. Net exports are - correct answer D -$200 billion Which of the following is true if the economy is producing at the full employment level of output? - correct answer C There is frictional unemployment