AP Macroeconomics Units 1 and 2 graphing and FRQ technique quiz quiz

Income on the vertical, price on the horizontal

Price on the vertical, quantity on the horizontal

Quantity on the vertical, price on the horizontal

Time on the vertical, output on the horizontal

A leftward shift of the supply curve

A rightward shift of the demand curve

A shift of both curves

A movement along the demand curve to a larger quantity demanded

Increasing opportunity cost

Constant opportunity cost

Decreasing opportunity cost

Zero opportunity cost

2 units of Y

30 units of Y

0.5 units of Y

60 units of Y

1.5 percent

15 percent

9 percent

6 percent

10 percent

11 percent

25 percent

9.1 percent

$1,250 billion

$1,200 billion

$1,375 billion

$1,875 billion

Both price and quantity

Equilibrium price

Equilibrium quantity

Neither price nor quantity

A change in the equilibrium quantity

A change in the good's own price

A new technology that lowers production costs

A change in the quantity demanded

Show the formula, substitute, and give a labeled numerical answer

Draw a graph only

State a single word with no working

Write a long paragraph of explanation

Unemployed or underused resources

An unattainable combination

Economic growth

Full employment of resources

Nominal GDP growth divided by the inflation rate

Nominal GDP growth plus the inflation rate

The inflation rate alone

Nominal GDP growth minus the inflation rate

Because graders only read the prose

Because graphs are not scored at all

Because points are awarded for specific labels (axes, curves, equilibria) checked against a rubric

Because the shape is never important