AP Macroeconomics Flashcards: Short Run Fiscal Actions

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

QUESTION

What occurs when the central bank buys government bonds?

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ANSWER

Increases money supply. Buying bonds injects money into the banking system.

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What this deck covers

This deck focuses on Short Run Fiscal Actions, 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 38Practice questions for this set

Given an inflationary gap in the short run, the government is considering a discretionary fiscal policy change. Which option is most consistent with reducing AD while acknowledging that the effect may be partial due to implementation and multiplier uncertainty? Assume actual real GDP is above potential and inflation is accelerating.

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