AP: Misc Concepts

 

The Phillips Curve

Unemployment and Natural Rate of Unemployment (2.4)

The Business Cycle

 Review Philips Curve (3.4)

Understanding CPI (2.5)

Perfect Competition

Law of Diminishing Marginal Returns (3.1)

Comparative Advantage (1.5)

Comparative Advantage & Trade

Elasticity of Demand & Total Revenue

Inflation, Cost Push, Demand Pull

MPC

Multiplier equals 1 divided by 1-mpc

Calculating the Multiplier

Minimum Wage

Fiscal Policy

(Discretionary v nondiscretionary) (3.7)

Key Graphs to Know (5.6)

Graphing Practice (3.5)