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This study guide covers Aggregate Demand (AD) and Aggregate Supply (AS), including what shifts these curves (C, I, G, X-M for AD; resource costs, government actions, productivity for AS), and the impact of supply shocks. It also explains how to use the AD-AS model to analyze economic scenarios, focusing on the effects on price level and real GDP. Finally, it provides practice questions and exam tips for the AP Macroeconomics exam.
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Question 1 of 7
Feeling confident for your AP Macro exam? 😎 Which of the following would directly lead to an increase in Aggregate Demand (AD)?
A decrease in government spending
An increase in consumer confidence
An increase in interest rates
A decrease in net exports