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  1. AP Macroeconomics
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National Income and Price Determination

Question 1
college-boardMacroeconomicsAPExam Style
1 mark

Which factor could cause a movement along the short-run aggregate supply (SRAS) curve rather than shifting it?

Question 2
college-boardMacroeconomicsAPExam Style
1 mark

If the government decides to subsidize flu vaccinations, a positive externality, what is the most likely outcome in the short run aggregate supply and demand model?

Question 3
college-boardMacroeconomicsAPExam Style
1 mark

If a country's central bank lowers interest rates, what is likely to happen to investment spending by firms?

Question 4
college-boardMacroeconomicsAPExam Style
1 mark

Which factor will cause a movement along the short-run aggregate supply curve?

Question 5
college-boardMacroeconomicsAPExam Style
1 mark

What term describes the total demand for goods and services in an economy at a given overall price level and point in time?

Question 6
college-boardMacroeconomicsAPExam Style
1 mark

How might central banks utilize unconventional monetary tools effectively during liquidity traps wherein traditional open market operations become ineffective?

Question 7
college-boardMacroeconomicsAPExam Style
1 mark

In macroeconomics, what does "AD" stand for?

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Question 8
college-boardMacroeconomicsAPExam Style
1 mark

How does a positive supply shock impact the quantity that producers are willing to supply?

Question 9
college-boardMacroeconomicsAPExam Style
1 mark

Considering an open economy where domestic currency appreciates due to high-interest-rate policies aimed at controlling rising domestic prices, what could be observed regarding imports?

Question 10
college-boardMacroeconomicsAPExam Style
1 mark

What effect does a significant improvement in technology typically have on aggregate supply?