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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.7
How does a permanent shock affect the price level in the economy?
The price level will temporarily increase and then return to equilibrium
The price level will permanently decrease
The price level will remain unchanged
The price level will permanently increase
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AP Macroeconomics - 3.7 Long-Run Self-Adjustment
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Price level
Permanent shock
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
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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