The Aggregate Demand-Aggregate Supply Model
AP Macroeconomics · Flashcards
AP MACROECONOMICS · FLASHCARDS
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QUESTION
What effect does a decrease in interest rates have on AD?
QUESTION
What happens to the equilibrium level when both AD and AS shift leftward?
QUESTION
What is the impact of an increase in productivity on the AS curve?
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ANSWER
AS curve shifts rightward. Higher productivity reduces per-unit production costs.
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