Official AP MACRO Economics Discussion 2011

Can anyone post their answers to all of the questions?</p>

Okay.
3b. I think change in excess reserves is $5000. You guys might think wikipedia is unreliable, but the page for Reserve Requirement says that it is a central bank regulation that sets the minimum reserves each commercial bank must hold (rather than lend out) of customer deposits and notes. I’m not sure if the ed’s purchase of bonds counts as a deposit, because it’s not the same thing as a demand deposit. So I wasn’t sure if the reserve requirement applied to the purchase. Definitely though, change in demand deposits is 0. </p>

The reserve requirement was 20% yes?</p>

<a href=“Supporting Students from Day One to Exam Day – AP Central | College Board”>Supporting Students from Day One to Exam Day – AP Central | College Board;

I agree; i think the change in reserves was 5000</p>

Can someone post the answers to the FRQs?</p>

Hopefully this link works:</p>

[url=&lt;a href=“http://acps.blackboard.com/bbcswebdav/institution/Schools/T.C.%20Williams/course-content/Andrew%20Orzel/Orzel%20Econ/Answers_2011_AP_Macro_FRQ.pdf]2011_Macro_FRQ_FormA[/url”&gt;http://acps.blackboard.com/bbcswebdav/institution/Schools/T.C.%20Williams/course-content/Andrew%20Orzel/Orzel%20Econ/Answers_2011_AP_Macro_FRQ.pdf]2011_Macro_FRQ_FormA[/url</a>]</p>

Sorry the above link didn’t work. Give this a try.</p>

[url=&lt;a href=“https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0ByAa9guHIBrDMWYzZTgyZTMtNTUzMC00Yjg0LTk1ZWMtZTM3MDZlOWJjYzMx&hl=en_US]2011_Macro_FRQ_Form_A_Answers[/url”&gt;https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0ByAa9guHIBrDMWYzZTgyZTMtNTUzMC00Yjg0LTk1ZWMtZTM3MDZlOWJjYzMx&hl=en_US]2011_Macro_FRQ_Form_A_Answers[/url</a>]</p>