In this lesson, our instructor Jibin Park gives an introduction to the major graphs review. He explains the scenario, the inflationary gap, the money market graph, high interest rate, and exchange market graph.
Know how to draw the Aggregate Supply and Demand Graph
Know how to draw the Money Market Graph
Know the difference between an inflationary and recessionary gap
Understand the “crowding-out” effect and how to depict that on a Loanable Funds Graph
Correctly draw an Exchange Market Graph with either appreciating or depreciating currency
Major Graphs Review
Lecture Slides are screen-captured images of important points in the lecture. Students can download and print out these lecture slide images to do practice problems as well as take notes while watching the lecture.
This book created a 5-step plan to help you study more effectively, use your preparation time wisely, and get your best score. This book includes two full-length practice exams modeled on the real test, all the terms and concepts you need to know to get your best score, and your choice of three customized study schedules.
This book includes an in-depth preparation for both AP economics exams. It features two full-length practice tests, one in Microeconomics and one in Macroeconomics, and all test questions answered and explained. It also features a detailed review of all test topics, which include: supply and demand, theory of consumer choice, economics in the public sector, costs, perfect and imperfect competition, monopolies, labor resources, game theory, the national income and gross domestic product, inflation and unemployment, fiscal policy, money and banking, monetary policy, economic growth, international trade and exchange, interest rate determination, and the market for loanable funds.