The Aggregate Demand-Aggregate Supply Model
AP Macroeconomics · Flashcards · Recall
AP MACROECONOMICS · FLASHCARDS
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QUESTION
Identify the primary cause of cost-push inflation.
QUESTION
What effect does a decrease in interest rates have on AD?
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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