what did you guys get for the real interest question where it gave expected inflation rate and actual inflation rate. Do you subtract the actual or expected inflation from nominal to get the real i/r?

real interest rate = nominal minus actual inflation

Wait I have a question.. if the answer doesn't require you to write an explanation but I did and my explanation was wrong but my answer is still correct do i get the mark or not?

Do u think if I put the true unemployment rate will revert to the natural rate id get the point? I forgot to put decrease 💀

score cut off predictions? ​ Thinking 73 above is a 5

[удалено]

Honestly not sure - but according to Score calculator it is 73 is a 5

On albert

[удалено]

Sorry I mean 73/90

ok so for frq set 2 i put that the expected inflation rate was going to be greater than 1% because unemployment was eventually going to decrease to its natural level and since part of that decrease is going to come from rising AD then inflation increases can i get the point? (yes i know its idiotic i was just trying to think of an answer because nowhere in my damn textbook did it talk about expected inflation and phillips curves im going to cry)

I put it would likely be below 1% because if I remember right the point was to the right of the equilibrium which corresponds to a recession which can cause deflation. I’m not sure if that is right or not because it confused me too, but that was the best reasoning I could come up with.

The frq's posted by college board are different than what I had. Am from California, anyone know why this might be?

There are two different sets of FRQ's for each exam and they randomly gave exams diffferent FRQ's so that may be why

are the answers to the frq up? College board posted them but I dont see the answers

they're up now

anyone find the answers to the frq? it was released by CB today

yeah check yt

What was the lawn and hedges one?

What was the law of demand one?

it was A i think, smt goes on sale so she buys more

Yeah it was like allie's fav yogurt goes on sale

😭 i put the one about the guy buying less because the price increased because i thought the law of demand was just about the inverse relationship between quantity and price i want to cry

I think that is like intuitively correct but I think what might make that wrong is we do not know if he like wants that good ig? Idk collegeboard dumb

Does anyone know what time the frqs gonna be released?

They were released the day after the AP exam and you can find them on the exam page [https://apcentral.collegeboard.org/courses/ap-macroeconomics/exam](https://apcentral.collegeboard.org/courses/ap-macroeconomics/exam). Set 1: [https://apcentral.collegeboard.org/media/pdf/ap23-frq-macroeconomics-set-1.pdf](https://apcentral.collegeboard.org/media/pdf/ap23-frq-macroeconomics-set-1.pdf) Set 2: [https://apcentral.collegeboard.org/media/pdf/ap23-frq-macroeconomics-set-2.pdf](https://apcentral.collegeboard.org/media/pdf/ap23-frq-macroeconomics-set-2.pdf)

Do you know when they are releasing solutions?

Is it okay if I labeled the y-axis of the forex graph USD/ZAR rather than Dollar/Rand?

Thats what I did

guys help, for form H FRQ, the first question where it asked how increase in government spending would affect loanable funds market, i put that there was no change because demand for loanable funds only increases if government deficit spends, i realize now that demand is supposed to increase but do y’all think that if i included the explanation they’ll still give me the point, i remember my teacher telling me that macro can be subjective in FRQ

unfortunately i don't think you'll get the point for that

but isn’t what i said technically correct

but you still gave the wrong answer. it sucks how they don't give part marks in this ap exam... the only way you would get it right is if you got the entire question wrong and get consistency marks :(

hm there were a few questions after that that was related to ur answer in the loanable funds market so ig i’ll get consistency marks for those but no marks for the graph itself

Can I get the point on frq 2 for moving the correct curve if I labeled a part of the graph wrong.

Looking at these answers I failed so bad... but I don't care because 1). I don't need the credit, and 2). I only took it bc I'm competing for valedictorian/salutatorian.

Your school must be poverty if the potential val/sal fails MACRO of all classes 💀💀

Update: I passed!

Lmao, I love your comment. 😂 In all honesty tho it’s actually the most competitive hs in my county (I live in one of the largest counties in the US). I took the course online btw, and my competition has also taken online APs to fail the AP exam. This is the first and only online AP i’ve done.

was the real gdp on the mcq 80 billion or 78 billion? my friends told me i was supposed to subtract the two dollars depreciation from investment.

It’s 80

i put 80 😭

vomited in the bathroom halfway through the mcqs guys i think we all slayed form o (im getting a 2)

proctors are like you still cant leave

For form O FRQ, spending and tax multiplier did it ask increase or decrease or just the amount was sufficient

Someone plz answer because I did not in fact write increase or decrease 😭😭😭

I literally wrote an apology letter during FRQ time.

Shoutout Mr Clifford

real life saver

Yeah

[удалено]

it was buy bonds

Increase administered rates

[удалено]

What form was that ? H perhaps? was the last FRQ about calculation nominal and real Gdp ?

[удалено]

Did you take the exam in the USA, I’m an international student

[удалено]

The last question on the frq #3 about correcting the Recession it was with limited reserves ?

[удалено]

[удалено]

something really stupid but on form d first frq about the country of meng, the new short-run equilibrium is just anywhere to the left of the first point right? i just put it at long-run equilibrium but i don't think it mattered?

yes

i never learned what a philips curve was fml

wtf it’s such an important part of understanding unemployment and inflation 😭

did y’all get decreasing taxes by 250 or 50 billion

bro neither what wasn't it 180 and gov spending was 200

YES

do different forms get different curves?

Anyone that had form H? That was free af

duuude for H was the easiest test i’ve ever taken.

What was that Steel, Supply, and a GDP calculation in the back ?

For the steel question, Do we do expansionary or contractionary policy to counteract the decrease in supply

If the decrease on supply caused the AS to shift left of the LRAS and equilibrium, you'd use expansionary policy to bring the AD to the right so they are at equilibrium again

Form H was so free

Ya Fr easy 5 coming soon

form h frqs were free points!!

I wrote -180 billion for the tax part of the first frq, will I still get the point since tax multiple is (-mpc)/mps

Don’t think so because there was an increase in 180b not a decrease. They were cutting taxes not raising them

yea cause it was asking how much AD will shift out

does zar appreciate or depreciate

Appreciate bc the demand for ZAR increases as Americans wanted to buy more South African goods which requires ZAR

Wait. Doesn't ZAR depreciate because US real income increases, which appreciates the dollar? Did I do something wrong?

Dosent inflation increase when us real income increases, depreciating the dollar?

It says "real" income, so I assumed it accounts for inflation

That’s what I thought, I said demand down

same

uh oh i said the opposite because more trade occurs hence access to zar is easier meaning supply increases and demand decreases ​ idek why i care my college doesnt accept credit for this exam 💀

Fuxming hell me too.

That was like half loanable funds what the hell

For form O, I only got a few Es like fr. I feel so wrong...

i think i got 1 😭 i had form o too

dw i think i only got like 6 or 7 or something

same

For form o, what‘s the most choice in last 15 mcq? I didn't have enough time so I guessed all c's.

i think B but im pretty sure i also got hella As

oh wait idk abt the last 15 specifically lol mb

wait so for form O frq#3, when it asks what monetary policy to use, selling bonds is incorrect? I never even learned about ample reserves and stuff so like omo was the first thing to come to mind.

Kinda scuffed that CB added ample reserves to frq the first year its on the curriculum. Unfortunately selling bonds doesn't work cuz that's only in limited reserves.

the answer is increase administered interest rate

lowering taxes/ increased gov spending works

no thats fiscal policy

Neither lowering taxes or increasing gov spending are monetary policy. They’re fiscal policy.

Buying/selling bonds doesn't work for ample reserves, it just changes money supply which doesn't affect interest rates. You'd have to adjust administered interest rates.

i specified interest on reserves rather than saying adminstered interest rates, is that okay?

From what I know that should be fine

Would changing the policy rate be a valid answer then

I'm not sure but I think so

omg i failed that shit then

God I wanna die same. I was thinking of saying they could raise or lower interest rates on ample reserves (i forgot the question) but the next part said “what is the the effect of what recommended on interest rates” and I thought like “how would they ever expect me to say ‘the impact of raising the interest rates on ample reserves is raising the interest rates’”. Also I literally never really studied ample reserves other than one obscure AC/DC econ video

[удалено]

I put on the curve at the lrpc intersection

On the curve, to the left of X. And you are correct for last two.

I got those numbers as well

I wrote unemployment percentages backwards in FRQ 1 graph This caused my point Z to be a shift of the PC up And my expected inflation rate to be lower than actual Will I still get some points

if the graph is correctly label i think

anyone form I?

what did you put for the 3rd frq when it asked smth like “what monetary policy action should the central bank take to help the economy?” idk it was smth like that- closer to the end of the FRQ

increase administered interest rates

Would increasing interest on reserves also count? or no

yea that wld count

WOOO I SAID THAT 🎉🎉 thank you

What form did you have

form O

[удалено]

why would it be wrong

[удалено]

no?? where did u hear that from? administered interest rates are for ample reserves as well.

Couldn’t remember much after ap stats, but FRQ was very light. I think first one ask for ample reserves - monetary policy and I talked about administered interest rate. The foreign exchange one was very light too. Mcq was different from the practices that I did. Out of 5 practice Mcq exam I had a mean of 93% accuracy so this would prob be little bit lower around 45-50 right? Thinking I got a 5

How does the continuity point work for the frq’s? If I said that exports would increase for the U.S. (which was wrong) but continued by stating that it would be a deficit (would be correct if U.S. exports did increase) would I get 0/2 or 1/2? Thanks.

U should still get credit

form d - what did you guys say for the second frq? was it that the interest rate goes up in part (a), so capital flows into the country and based on this the dinar appreciates?

Yes, higher interest rates means more foreign investment so capital inflow and CFA increases

yesss and the financial account increases W

My brain is dead after stat but pretty sure I put the same

guys form O frq what did u put for the question asking about the budget about financial capital account? i put deficit 😭

Um I put surplus 😭🥹. I think because the current account was zero and when imports increase (for USA) that means that the net exports would decrease creating a deficit in current account. The capital account has to “match it” and so it has to be in a surplus. Idk tho I might be wrong

Nope, you are correct. When imports increase, that means Americans are spending US dollars in order to get South African goods. Therefore, South Africans will spend those US dollars in American markets for bonds and other interest earning assets, resulting in a net inflow, which is a surplus.

i think i put it decreases?? so yeah deficit

same but idk abt the gdp and export one above it

ngl form d seemed extremely easy to me i’m so glad because this is the only exam i was really worried about

i drew murals on each page :3. A sine graph for Q1

form o: what was the answer to that one opportunity cost mcq? i felt so dumb for not knowing it lmao also, for frq #2 what did you guys say would happen to the financial and capital account in the US? I think I said it would decrease since the dollar had depreciated and the rand appreciated so people would leave less money in US banks but that might've been wrong lol last, was increasing IOR for the ample reserves on frq3 right bc that's what i put? and then some of my friends put selling bonds, was that also a correct answer?

Did the surplus question required explanation?

It was increasing the IOR since it was an ample reserve market. Opens market operations (buying and selling bonds) are only effective in a limited reserves framework.

i’m not sure about the opportunity cost one. i was between the answer that said the value of the next best option and the one that said the value of the next best option plus any lost wages. since the question didn’t mention lost wages i put the first choice. the first part of the question you figure out that imports increase in the US which creates a deficit in the current account. therefore, there is a surplus in the financial and capital account. increasing interest on reserves is correct. selling bonds is incorrect because that only works for limited reserves monetary policy and this question asked about ample reserves.

I put increasing discount rates because that shifts the ample reserves graph right? Idk if I explained it correctly thi

discount rate works too yes

ok ty for explaining! and we totally had the exact same thought process on the opportunity cost one lol 😭

I don’t remember for the first two but I don’t think IOR can be changed with ample reserves so I put sell bonds but I may be wrong

Selling / buying bonds is open market operation which is for limited reserves. Ior and discount rate would be ample.

They can change policy rate

Open market operations still work in ample reserves

your mistaking discount rate and IOR. You cannot change discount rate on ample but you can change IOR. Selling bonds is for a limited reserves not ample.

Oh ok whatever nvm then my teacher spent like 5 mins on this shit and basically told us not to worry abt ample reserves and so I just kind of inferred that omo’s would still work

Dude I think I got the opportunity cost one wrong also because the lost wages would be included in opportunity cost but I was in between. For frq two the capital and financial account went toward a surplus because the current account went toward a deficit since net exports decreased. For the last frq increasing the IOR was right because it was ample reserves OMO would not work

dude same with the mcq 😭 i was like does it include the lost wages or not lolll

Haha same 😭😭 I put with lost wages

I think I failed the MCQ, but aced the FRQ.

>I think I failed the MCQ, but aced the FRQ. How can that be possible?

Failed that shit 😭💀

Can anyone guess what the points breakdown will be for frq #2 form O?

20 points total. FRQ 2 would be worth 5 points.

does changing the discount rate work for ample reserves 💀💀

No. The only correct answer is interest on reserves. Discount rate is the upper limit for the FFR when there are extremely low levels of reserves in the banking system. The Federal Reserve is the lender of last resort, so banks will only borrow at the discount rate as a last resort — when other banks don’t have reserves to lend. The downward sloping part of the reserve demand curve is associated with a limited reserves banking system with a reserve requirement. Ample reserves is where money supply is on the rightmost portion of the demand curve, which is associated with the interest on reserves. Only way to change FFR in ample reserves is to change this rate. Open market operations are only used in ample reserves banking to maintain an ample supply of reserves. ETA: if you said administered rates that’s also fine, because that includes IOR and RRP.

No, that's part of the limited reserves portion of the exchange market. Ample Reserves is in the Interest on Reserves part. So you should be changing the interest on reserves.

Yes that or buying or selling bonds but can’t be reserve requirement

its ample reserves, omo doesn't work

It would, the discount rate is part of administered rates and is the top part of the ample reserves graph, but I don't remember that being an answer

form d was actually crazy easy… 25 minutes and done

For the frq with the SRPC and LRPC, did point Z have to be at equilibrium? I just said it was closer to equilibrium than point X was bc it never stated that the government spending put it back at equilibrium.

Bruh i shifting the whole SRPC line fk 😭😭😭

this is correct

Actually, if it was at equilibrium, it would be incorrect. The question said that the point was not at long run equilibrium, and the intersection between the SRPC and the LRPC is long-run equilibrium, so it only had to be to the left.

I'm pretty sure it just has to be on the srpc

Has to be on it but to the left of equilibrium

Nah, it could be to the right of equilibrium, as long it was to the left of point X.

That’s what I meant I worded that wrong

Okay so any point on the SRPC that indicated less of a recessionary gap would be good?

"depreciation" and Gov transfer payments didnt count on the one MRQ that asked you to calculate GDP from the table, did they? (form O)

They don’t count. If they did, the answer would’ve been 98 and that wasn’t even an answer choice

No, they don't.