AP Macroeconomics Unit 2 Review
Authored by Susan Lundgren
Social Studies
11th - 12th Grade
Used 98+ times
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44 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Oil is this type of scarce resource.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Workers agree to a 10% wage increase. Everything else remaining constant, this will cause the _______ curve to shift _____.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There is an increase in supply. This will cause the equilibrium price to ______ & the equilibrium quantity to ______.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the supply and demand curves intersect at a price of $20 then any price above that would result in a(n):
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of GDP is calculated with the current year's prices?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Expectant parents buy supplies for the nursery. Would this be included in GDP?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Chik-fil-A milkshake today costs $2.75. The Camden location sold 5,000,000 this year. In 1961, it cost $0.80 and they sold 2,000,000. How do I find the nominal GDP for Chik-fil-A milkshakes in 1961?
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