AP®︎ Macroeconomics: Topic 3.7 Practice Test
Prepare for your quiz, test, or the AP exam with focused practice questions on Topic 3.7 of AP Macroeconomics – Long-Run Self-Adjustment.
Questions List
Topic 3.7
Question 1 Easy
This question tests the following: MOD-2.I
What is the term for unexpected events that affect the aggregate demand curve?
What You’re Being Tested On:
Explore the learning objectives taken directly from the College Board’s AP® Macroeconomics Curriculum. Ensure you’re prepared for the exact topics covered on the AP® exam, in-class tests, and quizzes, and gain confidence in your mastery of the material.
Topic 3.7: Long-Run Self-Adjustment
Learning Objective: MOD-2.I
Explain (using graphs as appropriate) the response of output, employment, and the price level to an aggregate demand or aggregate supply shock in the long run.
Essential Knowledge: MOD-2.I.1
In the long run, in the absence of government policy actions, flexible wages and prices will adjust to restore full employment and unemployment will revert to its natural rate after a shock to aggregate demand or short-run aggregate supply. [See EK MEA-1.E.2]
Essential Knowledge: MOD-2.I.2
Shifts in the long-run aggregate supply curve indicate changes in the full-employment level of output and economic growth.
