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Aggregate demand

2008_form_b.pdf

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AP? Macroeconomics 2008 Free-Response Questions Form B The College Board: Connecting Students to College Success The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,000 schools, colleges, universities, and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools, and 3,500 colleges through major programs and services in college admissions, guidance, assessment, financial aid, enrollment, and

2009_form_b.pdf

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AP? Macroeconomics 2009 Free-Response Questions Form B The College Board The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,600 schools, colleges, universities and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools and 3,800 colleges through major programs and services in college readiness, college admissions, guidance, assessment, financial aid, enrollment, and teaching and learning. Among its best-known programs are the SAT?, the PSAT/NMSQT? and the Advanced

2010.pdf

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AP? Macroeconomics 2010 Free-Response Questions The College Board The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the College Board is composed of more than 5,700 schools, colleges, universities and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools, and 3,800 colleges through major programs and services in college readiness, college admission, guidance, assessment, financial aid and enrollment. Among its widely recognized programs are the SAT?, the PSAT/NMSQT?, the Advanced Placement Program?

2010_form_b.pdf

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AP? Macroeconomics 2010 Free-Response Questions Form B The College Board The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the College Board is composed of more than 5,700 schools, colleges, universities and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools, and 3,800 colleges through major programs and services in college readiness, college admission, guidance, assessment, financial aid and enrollment. Among its widely recognized programs are the SAT?, the PSAT/NMSQT?, the Advanced Placement Program?

Krugman Macroeconomics Chapter 20

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Module 20: Economic Policy and the Aggregate Demand? Aggregate Supply Model How the AD?AS model is used to formulate macroeconomic policy The rationale for stabilization policy Why fiscal policy is an important tool for managing economic fluctuations Which policies constitute expansionary fiscal policy and which constitute contractionary fiscal policy ? ? Economy is self-correcting in the long run: it will eventually trend back to potential output Stabilization policy: is the use of government policy to reduce the severity of recessions and rein in excessively strong expansions ? Policy in the Face of Demand Shocks Monetary and fiscal policy shift the aggregate demand curve

Krugman AP Macroeconomics Module 19

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Module 19: Equilibrium in the Aggregate Demand-Aggregate Supply Model -The difference between short-run and long-run macroeconomic equilibrium -The causes and effects of demand shocks and supply shocks -How to determine if an economy is experiencing a recessionary gap or an inflationary gap and how to calculate the size of output gaps The AD?AS Model: the aggregate supply curve and the aggregate demand curve are used together to analyze economic fluctuations Price shock: dramatic fall in short-run aggregate supply Short-Run Macroeconomic Equilibrium: when the quantity of aggregate output supplied is equal to the quantity demanded Short-run equilibrium aggregate output: the quantity of aggregate output produced in the short-run macroeconomic equilibrium

Krugman AP Macroeconomics Module 17

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Module 17: Aggregate Demand -How the aggregate demand curve illustrates the relationship between the aggregate price level and the quantity of aggregate output demanded in the economy -How the wealth effect and interest rate effect explain the aggregate demand curve?s negative slope -What factors can shift the aggregate demand curve Aggregate Demand Curve: shows the relationship between the aggregate price level and the quantity of aggregate output demanded Downward sloping: wealth effect of a change in the aggregate price level and the interest rate effect of a change in the aggregate price level Negative relationship between the aggregate price level and the quantity of aggregate output demanded

Aggregate demand_ Macroecon

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AGGREGATE DEMAND WITH AD, WE ARE TALKING ABOUT THE AGGREGATE DEMAND PL RISING FOR ALL GOODS AND SERVICES IN THE ECONOMY WEALTH EFFECT INTREST RATE EFFECT Decline in price level means lower intrest rates WHY IS AG DOWNSLOPING? Changes in Expectations Changes in Weath Size of existing stock of physical capital Shifts of the AD curve Fiscal Policy Monetary Policy AD= C+I+G+ (x-m) Government Policies and AD
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Macroeconomics complete course study guide

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AP Macroeconomics Exam: Course Study Guide [ UNIT I ] What is economics? the systematic study of choice textbook definitions ? refer to the allocation of scarce resources in order to satisfy societal wants What is the basic problem of economics? scarcity scarcity is the problem in the world that humans invented economics in order to address ? scarcity CANNOT be solved, only addressed or accommodated ? scarcity is the state of affairs in the world where a finite amount of stuff exists to satisfy a virtually infinite amount of human wants ? [scarcity = wants > resources ] ? to be scarce, something must be both limited and desirable ? scarce ? scarcity Sometimes, definitions of economics incorporate the three basic questions of economics: What to make/produce?
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