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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.5
What happened to the United States economy in 2006 during the inflationary gap?
High unemployment, wage rates decreased, and more households had a larger amount of disposable income and higher purchasing power
Low unemployment, wage rates decreased, and more households had a smaller amount of disposable income and lower purchasing power
Low unemployment, wage rates increased, and more households had a larger amount of disposable income and higher purchasing power
High unemployment, wage rates increased, and more households had a smaller amount of disposable income and lower purchasing power
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AP Macroeconomics - 3.5 Equilibrium in Aggregate Demand-Aggregate Supply (AD-AS) Model
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Inflationary Gap
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About Fiveable
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Terms of Use
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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