The Trial Blending Space is for evaluation purposes only.
This comprehensive course contains 18 sections with 99 self-grading lessons, including final assessments. The first section is available to try for free.
This is the final assessment for Welcome to Economics! AP® (Available when you subscribe.)
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The full course includes all 99 lessons, including 18 Final Assessments with Instructor Answer Keys.
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The Blending Space features:
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2.1 How Individuals Make Choices Based on Their Budget Constraint2.2 The Production Possibilities Frontier and Social Choices2.3 Confronting Objections to the Economic ApproachFinal Assessment
3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services3.2 Shifts in Demand and Supply for Goods and Services3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process3.4 Price Ceilings and Price Floors3.5 Demand, Supply, and EfficiencyFinal Assessment
4.1 Demand and Supply at Work in Labor Markets4.2 Demand and Supply in Financial Markets4.3 The Market System as an Efficient Mechanism for InformationFinal Assessment
5.1 Measuring the Size of the Economy: Gross Domestic Product5.2 Adjusting Nominal Values to Real Values5.3 Tracking Real GDP over Time5.4 Comparing GDP among Countries5.5 How Well GDP Measures the Well-Being of SocietyFinal Assessment
6.1 The Relatively Recent Arrival of Economic Growth6.2 Labor Productivity and Economic Growth6.3 Components of Economic Growth6.4 Economic ConvergenceFinal Assessment
7.1 How Economists Define and Compute Unemployment Rate7.2 Patterns of Unemployment7.3 What Causes Changes in Unemployment over the Short Run7.4 What Causes Changes in Unemployment over the Long RunFinal Assessment
8.1 Tracking Inflation8.2 How to Measure Changes in the Cost of Living8.3 How the U.S. and Other Countries Experience Inflation8.4 The Confusion Over Inflation8.5 Indexing and Its LimitationsFinal Assessment
9.1 Measuring Trade Balances9.2 Trade Balances in Historical and International Context9.3 Trade Balances and Flows of Financial Capital9.4 The National Saving and Investment Identity9.5 The Pros and Cons of Trade Deficits and Surpluses9.6 The Difference between Level of Trade and the Trade BalanceFinal Assessment
10.1 Macroeconomic Perspectives on Demand and Supply10.2 Building a Model of Aggregate Demand and Aggregate Supply10.3 Shifts in Aggregate Supply10.4 Shifts in Aggregate Demand10.5 How the AD/AS Model Incorporates Growth, Unemployment, and Inflation10.6 Keynes’ Law and Say’s Law in the AD/AS ModelFinal Assessment
11.1 Aggregate Demand in Keynesian Analysis11.2 The Building Blocks of Keynesian Analysis11.3 The Phillips Curve11.4 The Keynesian Perspective on Market ForcesFinal Assessment
12.1 The Building Blocks of Neoclassical Analysis12.2 The Policy Implications of the Neoclassical Perspective12.3 Balancing Keynesian and Neoclassical ModelsFinal Assessment
13.1 Defining Money by Its Functions13.2 Measuring Money: Currency, M1, and M213.3 The Role of Banks13.4 How Banks Create MoneyFinal Assessment
14.1 The Federal Reserve Banking System and Central Banks14.2 Bank Regulation14.3 How a Central Bank Executes Monetary Policy14.4 Monetary Policy and Economic Outcomes14.5 Pitfalls for Monetary PolicyFinal Assessment
15.1 How the Foreign Exchange Market Works15.2 Demand and Supply Shifts in Foreign Exchange Markets15.3 Macroeconomic Effects of Exchange Rates15.4 Exchange Rate PoliciesFinal Assessment
16.1 Government Spending16.2 Taxation16.3 Federal Deficits and the National Debt16.4 Using Fiscal Policy to Fight Recession, Unemployment, and Inflation16.5 Automatic Stabilizers16.6 Practical Problems with Discretionary Fiscal Policy16.7 The Question of a Balanced BudgetFinal Assessment
17.1 How Government Borrowing Affects Investment and the Trade Balance17.2 Fiscal Policy and the Trade Balance17.3 How Government Borrowing Affects Private Saving17.4 Fiscal Policy, Investment, and Economic GrowthFinal Assessment
18.1 The Diversity of Countries and Economies across the World18.2 Improving Countries’ Standards of Living18.3 Causes of Unemployment around the World18.4 Causes of Inflation in Various Countries and Regions18.5 Balance of Trade ConcernsFinal Assessment
This appendix should be consulted after first reading Welcome to Economics!It covers:
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