Dive into AP Macroeconomics Unit 5 with a comprehensive review of long-run consequences of stabilization policies. This episode breaks down short-run fiscal and monetary policy actions, their effects on aggregate demand, and introduces the Phillips Curve, equipping you with exam-ready graphs, multipliers, and pitfalls to avoid. Perfect for mastering FRQs and multiple-choice questions on recessionary/inflationary gaps.

• Fiscal policy: Expansionary (spending up, taxes down) vs. contractionary mechanics and multipliers
• Monetary policy: Open market operations, money market graphs, interest rates, and AD shifts
• Short-run effects on real GDP, unemployment, and price level
• Policy lags, timing differences, and RIPE mnemonic for recessions
• Phillips Curve introduction and common  ...