Who feels ready for this lol… I sure don’t. 
That macro exam was incredibly easy.
Right? I thought it was just me. Actually, it pretty much was just me. Out of 50 something other kids I took the test with, a majority of them said it was pretty hard.
Very easy in my opinion though.
I agree. Kinda nervous for micro now.
Can someone go over what they put for the third frq?
I don’t remember exactly the lettering but what I had went like this(not sure if this is right): real interest rates increased due to Japan borrowing funds to finance the deficit.
The foreign investment increased due fo higher rates of interest.
Supply of euros decreased.
Yen price of the Euro increased.
European gov. Should sell euros
@bleeddatblue70 I think you got it all right except for the last part. The EU should buy euros to reduce the supply so it goes back to the original equilibrium.
@bleeddatblue70 supply of Euros increases. Europeans want to convert their money to Yen so they can buy Japanese bonds, since they’re more profitable because of the real interest rate increase, so the foreign supply of euros had to increase. And then the government buys euros because that would decrease the foreign supply and therefore bring it back to equilibrium.
For the first frq, should the federal funds rate increase or decrease? And in the money market, does the supply of money increase?
@graceann the government targets a lower federal funds rate in order to increase the money supply.
also for those of you taking micro tomorrow scroll down on this website and there are links for the released exams
If anyone’s taking micro early because of time zones, PM me, I’m just curious about something.
@APJake1997 Nah
@APJake1997 Nah to credit. They don’t do follow through, it would be too subjective on the graders part.
@Apjake1997 I think you would still get partial credit since most of the answers are based on others
@RaviOnIce @APJake1997 My teacher told me there’s points for continuity. He said they’ll still penalize you, but you can get some credit
@APJake1997 They do give partial credit. If you noticed, each subsequent question asks for an answer based on the answer for the previous part. If you mess up once, they aren’t gonna penalize you multiple times for one mistake.
@APJake1997 Nah, check old scoring guidelines, not for Econ. They might give you at most 50% of follow through the guidelines are actually pretty strict
@APJake1997 I think it was domestic - I messed that up.
@APJake1997 Ok, I’m sorry. I was just kidding with you. They definitely do give follow through points. And I said produce domestically.
@bleeddatblue70 The second part of (a) on the 3rd question asked for private domestic investment, which would decrease due to higher interest rates. I thought it was foreign too, but I reread the question and had to change my answer.