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AP Macroeconomics Unit 1 Study Guide

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AP Macroeconomics UNIT 1 Study Guide (Chapters 1-3) Part 1: Multiple Choice (36 questions, 2 points each) 1. Provide a definition for scarcity as it relates to economics 2. Understand the concept of opportunity cost and be able to apply it to a real life scenario (I.e. going out rather than studying for this test) 3. Provide a definition for the production possibilities curve as it relates to the allocation of resources in a society. 4. Describe the shape for a production possibilities curve as it relates to constant or increasing opportunity costs. 5. Provide a definition for the market mechanism. 6. Describe Karl Marx?s approach to the 3 basic economic questions

Macroeconomics Formula Sheet

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Inflationary Gap: At Capacity, The difference between Planned Expenditure and Agg. Output (rise in price not met with rise in Y) Causes of Inflation: Demand Pull ? initiated by MD? Cost Push/Supply-Side ? caused by ?Costs and ?Supply Stagflation- Causes both Y? P? - BAD NEWS Expectations: Of price increases cause companies to collectively pre-empt by increasing prices causing the real price to rise Monetary/Fiscal: Expansionary monetary/Fiscal policy at capacity will also push up AD causing inflation Lags: Recognition, Implementation -much longer for Fiscal Policies, Response - time it takes for the economy to adjust after implementation- much longer for Monetary Policies)

business firm study

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ECON 2013 Name: Fathimah Naaifaa 12015236 Ali Rashvan 12003141 Aminath Sibahath ( ) Date of Submission: 17th June 2013 Lecturer: Mr. Wen Loong Ang INTRODUCTION Strategically located at the heart of Indian Ocean, Island Aviation Services (IAS) was incorporated on 13th April 2000 as a limited liability company, fully owned by the government of Maldives. IAS is the one and only local company that provides aviation services in Ibrahim Nasir Male? International Airport. IAS is committed in providing premium services to its principal airlines as well as for the passengers, through trained and motivated team of staff. IAS is the largest company in the nation which provides aviation services to the in Ibrahim Nasir International Airport.

The Development of Agricultural Societies (Timeline)

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The Development of Agricultural Societies (ca. 10,000 B.C.E. - 4,000 B.C.E. PALEOLITHIC NEOLITHIC AGRICULTURAL AND PASTORAL REVOLUTIONS AGRICULTURAL COMMUNITIES IN JARMO (IRAQ), JERICHO (JORDAN), CATAL HUYUK (TURKEY), BAN PO (CHINA), TECHUACAN VALLEY (MEXICO) 2 million B.C.E. 10,000 B.C.E. 8,000 B.C.E. 7,000 B.C.E. - 4,000 B.C.E.
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APUSH study guide

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Sheet1 Mexican Cession After Annexation of TX, issues w/ MX broke out. Fremont overthrew MX in CA; Scott captured MX City - Treaty of Guad. Hidalgo (1848) 1. Rio Grande S. border of TX 2. US got NM and CA for $15mill; MX Ces - Whigs opposed; immoral effort to expand slavery; Wilmont Proviso - Forbid slavery in new MX territiory (didn't pass); Comp or 1850 - CA free state; divide MX Ces into NM and UT - pop sov

Research Paper Final Draft on fracking

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Parker Bell English Period 7 Research Paper: Fracking Hydraulic fracking, or fracking, is a process of extracting oil and natural gas from deep underground shale formations. These resources accessed by fracking could not be accessed by any other available method currently known, making it a very important practice for all drilling companies. However, it has still received heavy public criticism for its impact on the environment. This paper will argue that, although it may cause some environmental damage, fracking is a necessary evil so that companies can fully use the oil and natural gas rigs that they already have in place.

QUibs speech

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Name: Chelsie Thompson Topic: Quibids Purpose: To inform about Quibids, purpose,draw back, and benefits Introduction A.G.D. (Click, Click,Click, BAM! )With just a few clicks of a button you have just won the flat screen T.V you've always wanted for just twenty buckets, no scam no hidden fee's Its all yours to enjoy. Now wouldn't you enjoy a deal like that! Significance Statement (Everyone in here including myself loves a good deal.. I mean who wouldn?t want their favorite item which usually cost $100.00 to get it for $20.00. You?d have to be insane not to want a deal like that, because everyone loves to save money Credibility Statement ( As a frequent Ouibids bidder and occasionally winner I know how Quibids penny auction site works.

Ch 7 econ notes

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1.????? Real Economic growth a.?????? How does real economic growth occur? ????????????????????????????????????????????????????????????? i.????? When the factors of production improve b.????? What does it look like on an AS AD model? ????????????????????????????????????????????????????????????? i.????? Aggregate= Total ??????????????????????????????????????????????????????????? ii.????? On Y axis is Average Price Level ????????????????????????????????????????????????????????? iii.????? On X axis is Real GDP (Real Output c.?????? PPC? ????????????????????????????????????????????????????????????? i.????? AD=C+Ig+G+Xn 1.????? Consumption, Investment, Gov Spending, Exports 2.????? So the curve will shift with these factors 2.????? Business Cycle (See One Note) a.?????? Explain What it is

Econ Notes

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Notes Holding Money Means that I have money in such a way that it?s not earning any interest, not circulating, and has zero velocity.? Ex: money in a piggy bank? Demand for Money Transaction Demand Dt For purchase Varies directly with GDP Demand for money increases to purchase that which is produced by the economy, ie, GDP Simplification ( Dt is independent of interest rates) Asset Demand Da Money held as an asset, held for future investment Varies inversely with interest rates (opportunity cost) Precautionary Demand (brought up by Keynes) ?Rainy Day Money? You?re holding onto money for emergencies. Total demand for money, Dm =? Dt + Da and is the supply of money Bonds Bonds = Loans?

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