Chapter 17 Economic Growth

							Quick review of Philips curve with a the 2003 form B free response
question #3

Chapter 17 Economic Growth


Name as many ways as you can to increase an economy’s output.
Hint: what would increase the AS line?
Increase efficiency
Increase labor force or labor productivity
Increased or new technologies
More education and training for better human capital
Better specialization or economies of scale or synergy


Please draw a Production Possibilities Curve.
Now show an increase in the general population rate.
Next to the PPC draw a LRAS graph and show the same shift of an increase a sustainable
population.




What is the natural rate of unemployment?
Draw a PPC and label point A showing 4.5% unemployment
Label point B showing 9.5% unemployment



1999 #3 free response question all of part A goes up
2002 #2 free response question

Work on chapter 17 key question in class (should be easier).