Macro FRQ Practice- 2017 #1- Phillips Curve, AD/AS, Forex
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Business, Social Studies, Life Skills, Information Technology (IT), Architecture
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11th Grade - University
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Practice Problem
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Hard
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4 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the long-run Phillips curve and how does it differ from the short-run Phillips curve?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain the concept of a recessionary gap and its implications for the economy.
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
Discuss the impact of government spending on the economy during a recession.
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the key components of the aggregate demand and supply graph?
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