but how did you guys do question number 2© for macro?
@swimguy1234 I did it just to be safe, but if you get the right answer with another method you’ll probably be fine
I got the exact same answers! thank god
Number 2.
a.0
b. 90
c. 900 and then 1000 for demand deposits (I am pretty sure this is right, Princeton Review book said something similar)
d 900
e. I put something like, banks may not dole out the full 90% and keep excess reserves
@swimguy1234 I also gave you reasons as to why the buying of bonds would actually impact the loanable funds market as well as the money market. I get what you are trying to say but at this point it’s probably not the answer.
Oops! You guys are right, I apologize for the confusion. I had the right reasoning, but wrong conclusion. Basically since real=nominal-inflation, and nominal clearly decreased and inflation increased, real must have decreased too. My reasoning was right, it’s just that it’s not indeterminate like i thought, but in fact decreased as I just realized.
Lol guys just chill and wait till scores come out
Anyway do you guys know that for the micro exam today could we have used the midpoint rule for elasticity for the frqs? I got something like 900/11
Using normal elasticity formula (percent change) you would get 80
thats what i got also
yes 80 for the frq
@schakrab I thought I was the only one who got that answer. Kids were telling me answers like 1810 at school.
@schakrab I got the exact same answers.
Also, I used midpoint formula for elasticity and got like 81.8 (900/11 to be exact) and using the other way you seem to get 80. I rounded down 81.8 to 81 because it is impossible to produce a part of a unit. I hope they accept that answer.
You’re supposed to use the percent change formula. I don’t know the question since I had form E.
Uh…I got 5/3.
@neptuna For the elasticity coefficient?
I got 5/2, but I’m not sure if it’s right
@glassflowers Yeah. I must’ve made a mistake simplifying all the fractions. Oh well, at least I still got the point for saying elastic.
Wait, did I get the point for saying elastic? I’m so confused. :)) I forgot what the actual changes in price and quantity were, so I’ll have to check after the FRQs come out.
Anyone know what’s the score approximately to get a 5 on Macro? I’m confused about how a lot of people say the score out of 90. The multiple choice os 60 points, and the frqs are 10, 5 and 6 points. How many points can you miss?
Ap pass has a 5 at slightly over 80%