
AP Macroeconomics Review
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview

20 questions
Show all answers
1.
FLASHCARD QUESTION
Front
According to the concept of comparative advantage, which of the following is true when countries specialize and trade? Each country obtains an absolute advantage., Total world output increases., The production possibilities curve for both countries shifts inward., Prices fall in both countries., Deadweight loss is created.
Back
Total world output increases.
2.
FLASHCARD QUESTION
Front
If real gross domestic product is declining, the economy is most likely experiencing which of the following? increasing unemployment, negative long-run economic growth, inflationary pressures, an increase in aggregate demand, a recovery
Back
increasing unemployment
3.
FLASHCARD QUESTION
Front
Which of the following is not counted in a country's GDP?
goods exported to other countries,
changes in inventories,
domestically produced capital goods,
financial assets, such as stocks and bonds,
newly produced services
Back
financial assets, such as stocks and bonds
4.
FLASHCARD QUESTION
Front
If the real interest rate is 1% and the nominal interest rate is 4%, the expected rate of inflation is
Back
3%
5.
FLASHCARD QUESTION
Front
If the general price level doubles and at the same time a worker's real wage rate increases, what must be true of the worker's nominal wage rate?
Back
It increased by more than double.
6.
FLASHCARD QUESTION
Front
Which of the following is most likely to cause a leftward shift in the long-run aggregate supply curve? Options: a decrease in the wage rate, a decrease in short-run aggregate supply, contractionary fiscal policy, a permanent decrease in the size of the labor force, a long-term decrease in demand
Back
a permanent decrease in the size of the labor force
7.
FLASHCARD QUESTION
Front
An economy experiences inflationary pressures when the equilibrium level of output is
Back
above the full employment level of output
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
15 questions
5.4 Costs Flashcards
Flashcard
•
12th Grade
16 questions
Hand Rules
Flashcard
•
12th Grade
15 questions
Flashcard - Unit Conversion and Practical Use
Flashcard
•
KG - University
15 questions
Earth's Crusty Forces 11.1 :)
Flashcard
•
11th Grade - University
10 questions
Evolve 2 Unit - 8 Flashcard - 1
Flashcard
•
University
15 questions
Key Words: Theme of Gender Roles in Sunset Boulevard
Flashcard
•
12th Grade
15 questions
SO TOO NEITHER EITHER
Flashcard
•
KG - University
Popular Resources on Wayground
5 questions
This is not a...winter edition (Drawing game)
Quiz
•
1st - 5th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
10 questions
Identify Iconic Christmas Movie Scenes
Interactive video
•
6th - 10th Grade
20 questions
Christmas Trivia
Quiz
•
6th - 8th Grade
18 questions
Kids Christmas Trivia
Quiz
•
KG - 5th Grade
11 questions
How well do you know your Christmas Characters?
Lesson
•
3rd Grade
14 questions
Christmas Trivia
Quiz
•
5th Grade
20 questions
How the Grinch Stole Christmas
Quiz
•
5th Grade
Discover more resources for Social Studies
21 questions
WH/WGI Common Assessment #9 Review Quiz
Quiz
•
9th - 12th Grade
40 questions
US Gov Semester Exam
Quiz
•
12th Grade
25 questions
Christmas Movies!
Quiz
•
5th Grade - University
60 questions
Logos and Slogan Quiz
Quiz
•
10th Grade - University
40 questions
EOCA Review
Quiz
•
12th Grade
46 questions
Final Exam Review
Quiz
•
9th - 12th Grade