is it okay if I drew both a market and a firm??
and then labeled each… lol idk why I did that tho</p>
Huh? Taxes most certainly affect the money supply. Keynesians believe that fiscal policy is the most effective measure of changing the money supply. Fiscal policy includes how the government spends and how they tax the people.</p>
Yeah that’s a good point, I realized that afterwards. I really don’t see how one is more correct than the other. As the money supply increases, and therefore real gdp and income increase, disposable income increases. Its tricky.</p>
Well, luckily for both of us, one MC question doesn’t make a huge difference!</p>
Yup! Still that is a very annoying question. Why would you say money supply is a better answer than disposable income? Transfer payments and taxes both clearly dictate the disposable income amount too.</p>
See, when I think transfer payments, I think more of the grants and gifts that the United States gives to other countries, including aid, rewards, IMF interest, etc. Taking that money and putting it into the economies of others would decrease the money supply pegged to the dollar. </p>
Transfer payments are also not part of the national income.</p>
Hmmm but social security and welfare are also considered transfer payments, as the government transfers money from its funds to others for no good or service. All entitlements are transfer payments. So the more money someone receives from social secuirty lets say, the more disposable income there is.</p>
You can see it from both ways I guess. Maybe collegeboard will realize it as well and count both answers as correct! :)</p>
Here’s hoping! They don’t count questions sometimes!</p>
STOP discussing questions. Gosh, do you guys not get the rules or something. I reported this thread and the other one.</p>
^ madd issues</p>
This thread turned lulz</p>
College112 probably doesnt have any friends irl…lets be sympathetic y’all</p>
im jw… what was the MR on like a output of oche?</p>
alright FRQ is out, so here’s what I put (I think) for #1
a)$24
b)$6
c) No because price does not equal marginal cost
d) Inelastic, as price goes down total revenue goes down and marginal revenue is negative
e) i)No, normal profit (I explained it but I don’t feel like typing it out)
ii)Yes
f) i) $22
ii) 9?
g) i) 10 units
ii) $0</p>
Confirmation?</p>
confirmed answers:</p>
<a href=“http://i.imgur.com/l0DeG.jpg[/url]”>http://i.imgur.com/l0DeG.jpg</a></p>
![http://i.imgur.com/l0DeG.jpg[/url]](http://i.imgur.com/l0DeG.jpg%5B/url%5D){kind=link}
credits to user Kironide</p>
AP Microecon btw</p>
Are those all 100% sure? I thought someone said that for #3 deadweight doesn’t change. If those answers are right then I got all of them right haha</p>
lol whatever its just 1 question/point…wont make a big diff</p>
Dammit, #1 part b, I didn’t notice the “per unit” part and put $48</p>
Anyone have the answers to the MACRO questions? More specifically number three. Since the questions are up, we can discuss these right, so what effect does M1 have on Money supply?!?!?</p>