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Additional resources for 5 Steps to a 5 AP Microeconomics Macroeconomics, 2008-2009 Edition (5 Steps to a 5 on the Advanced Placement Examinations Series)
B) increasing net exports. (C) falling unemployment. (D) lower interest rates. (E) rising price levels. 30 ❯ Step 2. Determine Your Test Readiness 14. The best example of a negative supply shock to the economy would be (A) a decrease in government spending. (B) a decrease in the real interest rate. (C) an increase in the money supply. (D) unexpectedly higher resource prices. (E) technological improvements. 15. The Phillips curve represents the relationship between (A) inflation and the money supply.
C) an increase in the money supply. (D) unexpectedly higher resource prices. (E) technological improvements. 15. The Phillips curve represents the relationship between (A) inflation and the money supply. (B) unemployment and the money supply. (C) the money supply and the real interest rate. (D) inflation and unemployment. (E) investment and the real interest rate. 16. If the economy is experiencing a recession, how will a plan to decrease taxes for consumers and increase spending on government purchases affect real GDP and the price level?
Questions from Chapter 17 28. A—Nations are net exporters of a good when the world price is greater than the domestic price. A higher world price creates a surplus in the domestic market and the surplus is exported. S. S. protective trade policy. S. copper. 29. S. S. exports fall. S. dollars causes the dollar to depreciate. 30. S. S. dollar. Take Diagnostic Exams ❮ 37 Scoring and Interpretation Now that you have completed each Diagnostic Exam and checked your answers, it is time to assess your knowledge and preparation.
5 Steps to a 5 AP Microeconomics Macroeconomics, 2008-2009 Edition (5 Steps to a 5 on the Advanced Placement Examinations Series) by Eric Dodge