AP Macroeconomics Flashcards: Short Run Aggregate Supply Sras

Study Short Run Aggregate Supply Sras in AP Macroeconomics with focused flashcards that help you recognize the idea, recall the key rule, and apply it in practice-style prompts.

QUESTION

State the impact of a labor strike on SRAS.

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ANSWER

Shifts SRAS curve to the left. Strikes reduce available labor and output.

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AP Macroeconomics: National Income and Price Determination

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What this deck covers

This deck focuses on Short Run Aggregate Supply Sras, giving you a quick way to review the definitions, rules, and examples that matter most for AP Macroeconomics.

How to use these flashcards

Work through these flashcards in short sessions. Try to answer each prompt before flipping the card, then revisit any cards you miss until the explanation feels automatic.

Practice questions

1 of 32Practice questions for this set
Based on the short-run aggregate supply curve shown, suppose a pandemic reduces labor availability and disrupts supply chains, raising per-unit costs while nominal wages and many prices do not adjust quickly in the short run. Which option correctly identifies the SRAS determinant and the short-run direction of changes in the price level and real GDP?
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