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United StatesEconomicsQuick questions
Unit 3: National Income and Price Determination
Quick questions on Equilibrium in the AD-AS model - AP Macroeconomics Topic 3.5
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
In long-run equilibrium, how does short-run output compare with full-employment output? [1 point]
What is q2?Show answer
An economy has a recessionary gap. Is unemployment above or below the natural rate? [1 point]
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