Ap macro unit 1 review
[PDF File]MACROECONOMICS AP STUDY GUIDE
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MACROECONOMICS AP STUDY GUIDE CONTENTS UNIT 1: Introduction to Macroeconomics UNIT 2: GDP UNIT 3: Aggregate Expenditures UNIT 4: Aggregate Demand/Supply & Fiscal Policy UNIT 5: Monetary Policy & Banks UNIT 6: Extended Aggregate Supply UNIT 7: International Trade
[PDF File]AP Macroeconomics Full Review
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Macro Unit 1: Measurement of Economic Performance Macroeconomics deals with the whole economy and issues that affect most of society: inflation, unemployment, gross domestic product, national income, interest rates, exchange rates etc.
[PDF File]UNIT 1: Basic Economic Concepts
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Micro vs. Macro. MICROeconomics-Study of small economic units such as individuals, firms, and industries (competitive ... 1. The PER UNIT opportunity cost ... Per Unit Opportunity Cost Review. Ronald McDonald can produce 20 pizzas or 200 burgers
[PDF File]AP MACROECONOMICS REVIEW - Weebly
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1 Wolters/AP Macro AP MACROECONOMICS REVIEW BASIC CONCEPTS AND GRAPHS I. INTRO CONCEPTS A. SCARCITY, OPPORTUNITY COSTS, FACTORS OF PRODUCTION (land, labor, capital, entrepreneurship) B. PRODUCTION POSSIBILITIES - A shift to the right of the production possibilities curve is equivalent to a rightward shift of the LRAS curve.
[PDF File]AP Macro: Economic Models and Graphs Study Guide
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AP Macro: Economic Models and Graphs Study Guide Economic Conditions ... YF Y1 Real GDP Price Level PL1 LRAS SRAS AD Y1 YF Real GDP Price Level PL1 PL2 AD PL1 SRAS2 LRAS SRAS1 ... unit of account or standard of value M1 Most narrow definition of …
[PDF File]Advanced Placement Macroeconomics Study Notes
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AP MACRO ECONOMICS SEMESTER PLAN TEXT: Economics, Principles, Problems and Policies, 17th Edition, McConnell and Brue Topic Timing Chapters Unit One Basic Economic Concepts 1, 2 ,3 & 5 This is a repeat of the first topic in AP Micro; review the chapters if needed.
[PDF File]AP Macroeconomics Studyguide Basic Terms for Economics ...
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AP Macroeconomics Studyguide Basic Terms for Economics -Economics: the study of how scarce resources are used to satisfy unlimited wants.-Resources: we never have enough to satisfy all of our wants.-Scarcity: the lack of a product or resource.-Shortage: a short term lack of a product or resource.-Necessities: goods which satisfy basic human needs.-Luxuries: goods which consumers want, but don ...
[PDF File]AP Macro/AP Micro Unit 1 Practice Sheet - AP Micro & AP …
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AP Macro/AP Micro Unit 1 Practice Sheet P a r t 1 - P r o d u c ti o n P o s s i b i l i ti e s - A ssu me t h a t t h e t a b l e b e l o w sh o ws t h e e co n o my o f Cl i f f o rd l a n d . 1. Calculate the opportunity cost of switching from combination A to producing B. 2 Consumer goods 2.
[PDF File]AP Macroeconomics Unit 1 Review Session
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AP Macroeconomics Unit 1 Review Session Production Possibilities Curve, Absolute and Comparative Advantage, Opportunity Cost, and Marginal Analysis 1. Draw a PPC with linear opportunity cost. 2. Draw a PPC that illustrates the law of increasing opportunity …
[PDF File]AP Microeconomics Full Review - North Allegheny School ...
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Primary Works Consulted: 1. Notes from Mrs. Joelle Keats’, Mr. Nathan Tengowski, and Mr. Jason Mohr’s AP Economics Classes 2. Cracking the AP Economics Exams (2015)
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