AP Macroeconomics Video Quiz

What unexpected graph was included in the 2024 AP Macro exam?

• Phillips Curve

• Reserve Market

• Loanable Funds Market

• Aggregate Demand and Supply

How do you calculate the natural rate of unemployment?

• Actual unemployment minus frictional unemployment

• Cyclical unemployment plus frictional unemployment

• Frictional plus structural unemployment

• Actual unemployment minus structural unemployment

What happens to the short-run aggregate supply curve in the long run if there is no policy intervention?

• It becomes vertical

• It shifts to the right

• It remains unchanged

• It shifts to the left

What monetary policy action is suggested when there are ample reserves?

• Raise the discount rate

• Decrease interest on reserves

• Sell government bonds

• Increase interest on reserves

How is real GDP calculated using the GDP deflator?

• Real GDP divided by the deflator

• Nominal GDP divided by the deflator

• Nominal GDP multiplied by the deflator

• Real GDP multiplied by the deflator

What happens to the demand for money when real GDP increases?

• It decreases

• It remains constant

• It fluctuates randomly

• It increases

What is the effect on real wages if inflation exceeds wage growth?

• Real wages remain constant

• Real wages decrease

• Real wages are unaffected

• Real wages increase

Which fiscal policy can help return an economy to full employment during a recession?

• Decrease government spending

• Increase taxes

• Increase government spending

• Raise interest rates

What happens to Malaysian imports if the Malaysian currency appreciates?

• Imports become cheaper

• Imports become more expensive

• Imports are unaffected

• Imports remain the same

What is the impact of a budget deficit on real interest rates?

• Real interest rates fluctuate

• Real interest rates decrease

• Real interest rates increase

• Real interest rates remain unchanged