Ap macroeconomics unit 2
[DOCX File]Mr. Barikmo's Eclassroom - Home
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AP Macroeconomics Unit 2 Packet – Measurement of Economic Performance. 7. Spring 201. 7 – AP Macroeconomics . Unit 2 Test will be _____ Unit 2. Learning Targets. At the completion of this unit students will be able to: Describe the circular flow of goods, services, and payments in the macroeconomy ...
[DOC File]AP Macro Syllabus - anderson.k12.ky.us
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AP Macroeconomics is a survey of macroeconomics concepts and ideas. This course is designed to prepare students for the AP exam in May. The course will be divided into seven basic units: Unit 1 – Basic Economics Concepts. Unit 2 – Measuring Economic Performance. Unit 3 – Aggregate Demand and Aggregate Supply: Price & Output Fluctuations
[DOCX File]A. Scarcity, choice, and opportunity costs
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AP Macroeconomics. Unit 2: Basic Economic Concepts. SSEF1 . The. student will explain why limited productive resources and unlimited wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and governments. a. Define scarcity as a basic condition that exists when unlimited wants exceed limited productive resources. b.
[DOC File]AP MACROECONOMICS - murrieta.k12.ca.us
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An AP macroeconomics course is challenging and stimulating, and compared to a regular economics course, takes more time and requires more homework. II. TEXTBOOK . Economics 19th edition , McConnell, Brue, Flynn 2012. III. COURSE OBJECTIVES. After completing AP Macroeconomics course, students should be able to do all of the following: 1. Define ...
[DOC File]AP Macroeconomics Formulas and Definitions:
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Okun’s law: the generalization that any one percentage point rise in the unemployment rate above the full employment unemployment rate will increase the GDP gap by 2.5 percent of the potential GDP of the economy. So…start in long run equilibrium – as the unemployment rate increases by 1% we see GDP growth decrease by 2.5 percent.
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