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AP Macroeconomics
Unit 1
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AP Macroeconomics Unit 1 Vocabulary
69 essential vocabulary terms and definitions for Unit 1 – Basic Economic Concepts
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Unit 1 – Basic Economic Concepts
Topics
1.1 Scarcity
1.2 Opportunity Cost and the Production Possibilities Curve (PPC)
1.3 Comparative Advantage and Trade
1.4 Demand
1.5 Supply
1.6 Market Equilibrium, Disequilibrium, and Changes in Equilibrium
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