So, now that the FRQs are released, how does everyone feel about the test? I felt pretty good about it for the most part.
I thought the multiple choice was easier than the FRQS but overall don’t feel too badly about it. Much more phillips curve than I expected!
Are we allowed to talk about the answers to the frq? I thought the frq were much harder than MC.
Yep we can talk about the FRQs now that they’re released! I thought the FRQs were easier, but that’s just me. They’re just a lot more direct about what you’re supposed to do, and plus you get points for drawing & labeling the models correctly, so that’s easy points. I always make silly mistakes on the MC but I think I paced myself a lot better and it seemed pretty easy too.
What did people say for 2a what asked what would happen to the nominal interest rate.
Holding less money decreases money demand (leftward shift). So with that shift, nominal interest rate decreases. I spent FOREVER trying to figure out 2bii though…Still don’t know if I did it right. What did everyone say for that?
I think I put price level increases and real wages decrease
Yeah I think I put that real income increases and price level increases, but I have no clue if that’s right…My logic was that a decrease in nominal interest rates increases aggregate demand because more people will be willing to buy stuff since they can get a loan at a lower interest rate if they needed to.
Got a 5, scores are up.
Got a 4 on macro and a 5 on micro. Was expecting 5 on both 