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United StatesEconomicsQuick questions
Unit 3: National Income and Price Determination
Quick questions on Long-run self-adjustment - AP Macroeconomics Topic 3.7
3short 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 a recessionary gap, which way do wages move during self-adjustment, and which way does SRAS shift? [2 points]
What is q2?Show answer
Give one reason a policymaker might not wait for self-adjustment. [1 point]
What is wrong wage direction?Show answer
Recessionary gap, falling wages, SRAS right; inflationary gap, rising wages, SRAS left. Tie the wage move to the labor-market slack or tightness.
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