Macroeconomics Study guides, Class notes & Summaries

AP Macroeconomics - Modules 1-4 Exam Questions with Answers 1. When people divide themselves among different tasks and each person provides a good or service that other people want in return for a good/service they want. - Answer>> Trade 2. People can get more of what they want through trade than if they were self-sufficient. Arises from specialization. - Answer>> Gains from trade 3. Goods and services are produced in better quality, quantity and speed when people focus on pro...

Sophia (Macroeconomics) - Unit 3 Milestone Which statement below regarding monetary policy is false? Correct Answer: Central banks aim for an inflation rate of 5%. What does the expression Y-(C+T) represent? Correct Answer: Public savings If the MPC is 0.75 and the government increases spending by $100 billion, the effect this change has on the economy will be which of the following? Correct Answer: There will be an increase of $400 billion in economic activity. Which of the followin...

Interdependence and the Gains from Trade Multiple Choice – Section 00: Introduction 1. People who provide you with goods and services a. are acting out of generosity. b. do so because they get something in return. c. have chosen not to become interdependent. d. are required to do so by the government. ANSWER: POINTS: DIFFICULTY: LEARNING OBJECTIVES: NATIONAL STANDARDS: TOPICS: KEYWORDS: b 1 Difficulty: Easy ECON.MANK.15.11 - LO: 3-0 United States - BUSPROG: Analytic DISC: Genera...

Sophia Macroeconomics - Unit 4 Practice Milestone Questions with Verified Answers.

Macroeconomics Chapters 1-9 Exam Questions & Answers with Correct Solutions.

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Sophia (Macroeconomics) - Unit 2 Practice Milestone If the price of gold is rising, which of the following can we also expect to be true? Correct answer- Quantity demanded for gold will be decreasing. What will finding out that two of her children have severe peanut allergies cause for Jenna's demand for almond butter? Correct answer- The almond butter demand curve will make a shift to the right. Some factors affect production decisions, causing a shift in supply. Other factors...