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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.5
What happens to unemployment levels in an inflationary gap?
Unemployment levels are lower than what is considered full employment
Unemployment levels are the same as what is considered full employment
Unemployment levels are higher than what is considered full employment
Unemployment levels are not affected by an inflationary gap
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AP Macroeconomics - 3.5 Equilibrium in Aggregate Demand-Aggregate Supply (AD-AS) Model
Key terms
Inflationary Gap
Unemployment Levels
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About Fiveable
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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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