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United StatesEconomicsQuick questions
Unit 3: National Income and Price Determination
Quick questions on Short-run changes in the AD-AS model - AP Macroeconomics Topic 3.6
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
A negative supply shock hits the economy. What happens to output and the price level? [2 points]
What is q2?Show answer
Prices and real output both fell. Was the cause a demand shock or a supply shock, and which direction? [2 points]
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