CourseCourseConceptConceptDocsDocuments

AP Macroeconomics Mod 1 C Explain Using Graphs As Appropriate How the Ppc Is Related to the Long Run Aggregate Supply Lras Curve Questions

Practise translating long-run growth between the PPC and AD-AS models by drawing outward production possibilities and matching them to rightward LRAS shifts.

Syllabus
Effective Fall 2022
Course
AP Macroeconomics

Exam points

  • identify long-run growth as an outward PPC shift and a rightward LRAS shift in the AD-AS model
  • translate a PPC shift into the corresponding LRAS direction as both show productive-capacity changes
  • draw and label a new PPC after a productivity change, including an outward rotation when one good is affected

AP Macroeconomics Mod 1 C Explain Using Graphs As Appropriate How the Ppc Is Related to the Long Run Aggregate Supply Lras Curve Questions question 1

[Maximum number: 1]

A country is at full employment and produces two types of goods: consumer goods and capital goods.

Referring to your answer to part (c), will the long-run aggregate supply curve shift to the right, shift to the left, or remain the same? Explain.

All question bank results loaded