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Starting to write immediately can lead to a string of disconnected, poorly planned thoughts. AP Macroeconomics explores the fundamental principles of economics that pertain to an entire economic system. 95 CONTACT YOUR EDUCATIONAL CONSULTANT TO ORDER. Specifically, the College Board defines a 3 as “qualified”, a 4 as “well qualified” and a 5 as “extremely well qualified. 5 Frictional: hate job, get fired Structural: system-wide change (VHS repairman) Cyclical: due to recession/depression Nominal values: values that increase or decrease with the price level Prices are as stated, useless for comparison of prices Real values: adjusted for price changes Prices that take inflation into account, set in some chosen "base year". PREFACE WelcometoPrinciples of Macroeconomics for AP® Courses,anOpenStaxCollegeresource. 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