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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.7
What is the main consequence of the economy self-correcting in response to a recessionary gap?
Shift of the short-run aggregate supply (SRAS) curve.
Increase in aggregate demand (AD).
Intersection of the SRAS and AD curves.
Decrease in aggregate supply (SRAS).
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AP Macroeconomics - 3.7 Long-Run Self-Adjustment
Key terms
Recessionary Gap
Self-correcting
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Resources
Cram Mode
AP Score Calculators
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Crisis Text Line
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© 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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