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AP Macro Unit III FRQs Flashcards - Quizlet
AP Macro Unit III FRQs. #1 : Assume that the United States economy is currently in long-run equilibrium. A) Draw a correctly labeled graph of aggregate demand and aggregate supply …
Part (a) required students to draw a correctly labeled graph of aggregate demand, short-run aggregate supply, and long-run aggregate supply, and show the current equilibrium and the …
• One point is earned for drawing a correctly labeled graph of the monopoly showing downward -sloping demand (D) and marginal revenue (MR) curves with the MR curve below the demand …
A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. Use a pen with black or dark blue ink. 1. Assume that the United States …
The student earned 1 point in part (a)(i) for drawing a correctly labeled graph of the aggregate demand/aggregate supply model and correctly showing the equilibrium price level (PL1 and …
- (a) Draw a correctly labeled graph with an upward-sloping supply curve labeled MPC, a downward-sloping demand curve labeled MPB, and the market equilibrium quantity labeled QM.
One point is earned for drawing a correctly labeled graph showing a downward sloping aggregate demand (AD) curve, an upward sloping short-run aggregate supply (SRAS) curve, …
The student earned the first point in part (a) for drawing a correctly labeled graph of the downward-sloping short-run Phillips curve. The student earned 1 point in part (b)(ii) for …
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