Menz, study guide and problems to accompany lipsey, steiner and purvis, economics, 8th ed. Lesson 7 relates the longrun aggregate supply curve and the economys production possibilities curve. Microeconomics lesson 2 activity reasons for changes. You will need to prepare ahead of time cards for each speaker and scorecards for the audience if the students do not have their own books. Macroeconomics lesson 2 activity 36 unit activity written by robert wedge, massachusetts council on economic education, waltham, mass.
Macroeconomics lesson 8 activity 32 unit adapted from dascomb r. Macroeconomics lesson 7 activity 29 unit activity written by james stanley, choate rosemary hall, wallingford, conn. If income and demand move in opposite directions, the good is an inferior good. Now, lets suppose there is a dramatic change in federal incometax rates that affects the disposable income of greebe buyers. Its purpose is to provide practice in calculating mpc and mps. You will be expected to draw graphs for the essay portion of this test, and write an essay in brief format.
Use course heros prep tools study guides, practice tests and more accessible when you need them, in the format that works best for you. Advanced placement economics microeconomics student activities. Most recent ap macroeconomics documents uploaded all recent ap. Learn ap macroeconomics unit 4 with free interactive flashcards. Study the data, and plot the demand for greebes on the axes in figure 3. Identify which number matches the transaction described in the statements below. The focus publications, the new centerpiece of economicsamerica, build on almost. Economy from 1980 real gdp in % change civilian inflation 1996 dollars from previous unemployment rate phase of year billions quarter rate cpi business cycle 1980q1 4,958. Solutions activity 24 if year i is selected as the base year, calculate the price index for each year. With the decrease in sras, the economy might be at a point like the intersection of ad 2 and sras 1. Teaching strategies for high school economics courses new york.
Tell the students the purpose of the lesson is to develop a simple model of the economy. A widow lives entirely on income from fixedrate corporate bonds. Label the demand curve d, and answer the questions that. Your family buys a new home with an adjustablerate mortgage.
One of the best books of the year is a book titled macroeconomics unit 2 activity 2 4 pdf download free that gives the reader a good inspiration. Microeconomics lesson 1 activity 9 continued unit figure 9. Macroeconomics lesson 8 activity 33 unit activity written by james stanley, choate rosemary hall, wallingford, conn. Ap macroeconomics notes view all ap macroeconomics notes. National income rises 2 % microeconomics lesson 2 activity unit from master curriculum guide in economics. Student activities national council on economic education, new york, n. View notes microeconomics lesson 2 activity from economics economics at murrah high school. Economists claim that the firm will maximize its total profit by producing 800 units where mr mc. Your friend rents an apartment with a threeyear lease.
Show your understanding of this rule by circling the correct answer in each cell of table 311. Parts b and c written by john morton, national council on economic education, new york, n. Purchase your 4th edition ap microeconomics and macroeconomics teacher resources and. The imposition of a tax increases the cost of each unit, which is represented by a decrease in supply. I hese price indices indicate that there was a 25 percent increase in prices between year i year 2. Reasons for changes in supply part a read the eight newspaper headlines in figure. What assumptions do you make about the use of available resources when drawing a ppc. This would result in an increase in equilibrium price and a decrease in equilibrium quantity. Your choices for each situation must be consistent that is,you should choose either an expansio nary or contractionary fiscal p olicy. Compute the missing figures, and answer the questions that follow.
Audience scorecards are in part a of the student book. Fiscal policy cannot provide a solution to one of the. It shows you how the expenditure schedule is derived and how it helps to determine the equilibrium. Exogenous demand and supply shocks part a exogenous demand shocks an exogenous demand shock is a change in an exogenous variable a variable determined outside the model that affects aggregate demand. This makes it easy for the reader to know the meaning of the contents macroeconomics unit 2. Macroeconomics lesson 2 activity 12 unit part a adapted from william b. However, most business cycles do not end in a depression.
Label the new demand curve d 2 and answer the questions that follow. A bank has loaned millions of dollars for home mortgages at a fixed rate of interest. Advanced placement economics teacher resource manual national council on economic education, new york, n. Macroeconomics unit 2 activity 2 4 pdf download free.
Ragan and lipsy macroeconomics free pdf file sharing. Comparing the new demand curve d 2 with the original demand curve d, we can say that the change in the demand for greebes results in a shift of the demand curve to the left right. From year 2 to year 3 from year 3 to year 4 activity 62. Have the st udents complete activity 15 f or homework. What information does a ppc provide for us about a nations economy. A normal good is one for which income and demand move in the same direction. Comparing the new demand curve d2 with the original demand curve d, we can say that the change in the demand for greebes results in a shift of the demand curve to the left right. Discuss the difference between anticipated inflation and unanticipated inflation. Macroeconomics unit 2 activity 2 4 pdf download free one of the best books of the year is a book titled macroeconomics unit 2 activity 2 4 pdf download free that gives the reader a good inspiration. The easiest to understand is p robably the weightedaveragemethod explained in this activity. The easiest to understand is probably the weightedaverage method explained in this activity. Choose from 500 different sets of quiz and study guide answers chapter 2 economics flashcards on quizlet. Draw the demand d, ar, and mr curves in figure 310.
Use the next column to record whether the change is an increase or a decrease in supply. From here, planned aggregate expenditures are equal to the sum of planned consumption, planned investment. High school economics troup county school district. Thus, the price level will continue to rise and the economy will experience inflation. This method compares the total cost of a fixed market basket of goods in different years. Macroeconomics lesson 5 activity 18 unit several questions come from phillip saunders, introduction to macroeconomics. From year 2 to year 3 from year 3 to year 4 activity 62 continued. Label the new demand curve d2 and answer the questions that follow.
After each situation, fill in the blank with the letter of the graph that illustrates the situation. The most recent depression the united states experienced was during the. This macroeconomics unit 2 activity 2 4 pdf kindle is delivered in simple words. Macroeconomics lesson 5 activity 25 unit activity written by john morton, national council on economic education, new york, n. Macroeconomics lesson 1 activity 10 unit activity written by helen roberts, university of illinois, chicago, ill. Circle the words that show the effects on price and quantity for each situation, and complete the graphs below, show. Choose from 500 different sets of quiz and study guide answers chapter 2. Choose from 500 different sets of ap macroeconomics unit 4 flashcards on quizlet. Unit 2 microeconomics activity 19 answer key shifts in supply and demand part a. Solutions activity 2 4 if year i is selected as the base year, calculate the price index for each year.
Microeconomicslesson 3 activity 14 continued unit figure 14. This change in the ceteris paribus all else being equal conditions underlying the original demand for greebes will result in a new set of data, shown in. Such a change would be called a decrease in supply quantity supplied. Anticipated inflation represents the level of inflation people expect to occur and have built into their economic decisions. High school economics,a core volume in a new generation of national council publications, is dedicated to increasing the economic literacy of all students.
Macroeconomics unit 2 activity 2 4 macroeconomics unit 2. Unit 2microeconomics activity 19 answer key shifts in supply and demand part a. Lesson 8 initiates the study of stabilization policy by discussing fiscal policy. Unit 1 macroeconomics lesson 1 i activity 2 opportunity cost and comparative advantage people who dont know much. Now, lets suppose that there is a dramatic change in the price of several of. Your savings from your summer job are in a savings account paying a fixed rate of interest. Learn quiz and study guide answers chapter 2 economics with free interactive flashcards. Now, with the supply schedule at s1, suppose further that a sharp drop in peopleos incomes as the.
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