<p>gojets, I really hope so because I think I made the same mistake as you in the first or second part of #1 but I'm positive the rest was right.</p>
<p>Yeah, same here, wasnt sure if it effected the supply or demand of the you-know-what market.</p>
<p>i thought the MC of macro wasnt bad. FR was like WHAT? i was expecting something about full employment, since that's what they did all the years before.
MC of micro was a little worse. FR was pretty straightforward though.
Hope we all got 5s!</p>
<p>Both were pretty easy; the Micro MC was a little harder, but overall the FRQ were pretty easy if you had a good teacher.</p>
<p>I only took macro. </p>
<p>The MC for me was easy. My teacher gives us 60 Qs in 50 minutes and they were harder and more specific than the ones on the test. I skipped one question that we had not covered at all. The rest I'm pretty sure about. FR was ok, the #1 was shaky at first, but I got it eventually. 2 and 3 were simple. </p>
<p>I think AP macro FR is changing. It used to be that the first question was always a demand-management problem (inflation/recession) that deals with fiscal and monetary policy. Based on this year's questions (which I won't discuss specifically), 2006, and 2005, the trend now seems to be toward more advanced topics in the first question, or at least tricky ones and the basic agg demand toolbox to the second and third. Last year (read: not this year) dealt with long-run agg supply, supply shocks, and recessionary impacts on foreign exchange markets (definately not basic). #2 was interest rates and #3 was unemployment. 2005 had a #1 that was mostly an expansionary monetary policy question but to know that you start at below FE GDP, you had to understand the output effect on net exports (so half and half). #2 was money market, #3 was about LR/SR Phillips curves (pretty advanced). I see 2005 as a mixed bag, sort of a transition between the old FR model and the new. In contrast: 2004's #1 was straight up recession, while #2 was the international impacts of relative changes in the real interest rate (potentially hard) and #3 was a detailed money creation system question (potentially tricky with the numbers that you have to fiddle with). Looking back at 1996, #1 was basically how do you fix inflation, #2 was exchange rates, and #3 was the details and limitations of money creation. </p>
<p>I'd say that the overall trend in the FR is getting harder. The gimme points are no longer "What is the problem in this economy" (essentially #1 (a) for '89, '91, '92, '95, '96) but definitions like "what is the real interst rate" (2005, #1, (d)) or the 2007 #2 (a) which is harder than knowing that 10% inflation sucks. The hardest points are getting harder too. The hardest things on the earliest tests were the net exports effect of fiscal/monetary. The hardest things now are long-run analysis (PC, AS), exchange rates/other international stuff, Keynesian/monetarist questions. It won't be long before the Laffer curve is #2 and built in stabilizers are #3. </p>
<p>Of course there are exceptions to these patterns. I'm just giving my personal observations after writing 20 years of AP macro tests in two weeks.</p>
<p>^Wow. I completely agree, at least for the FRQ. I have looked at previous FRQs and I did okay on those. But today's...I just opened it and got completely caught off guard for some of those questions.
I think MC is getting harder too.
All I can is I'm so glad I'm taking it this year instead of like next year and years later. The test might just become a monster by then.</p>
<p>MC was pretty difficult for me, but still ok. </p>
<p>FR was pretty easy...I think I messed number one up, but I may get some consistency and definition points. </p>
<p>HOWEVER! Stupid me! I might have labeled a horizontal axis of a graph wrong...twice. Will I lose the whole point because of that?</p>
<p>I thought Micro was extremely easy--a joke, almost. The MC and free response for Micro were both straightforward and common (that is, the questions weren't over obscure topics). I thought Macro was a little harder, mainly because I didn't do anything in my class all semester, but it wasn't that bad. It's difficult to say how well I did, but I thought the MC was ok except for a few rather obscure quesitons, but I think I may have gotten some of those right regardless. The free response on Macro was easy except for number 1, and I think I still may have nailed that, but I'm unsure. Guess I'll find out in July...anybody else calling early for their scores?</p>
<p>nah...Ill just wait. The only one I REALLY need to know is calculus, because Im signed up for its equivalent in college next year...but Ill just drop at the last minute for some other class...whatever.</p>
<p>can we talk about it yet? It's saturday.</p>
<p>Yeah, so what did everyone get for number one?</p>
<p>Seems the college board has the weekend off. </p>
<p>I got in increase in demand for 1a and the corresponding effects throughout.</p>
<p>Is number 3 , no, yes, yes, and no? I'm pretty confident about a and d but unsure on b and c. For number 2, is it buying bonds?</p>
<h1>3 on micro?</h1>
<p>Yeah thats whay I put...</p>
<p>@sweet dream. That's what I got.
@Mastermind No, on Macro. </p>
<h1>3 on Micro (since it's been 48 hours too) is a question about oligopolies.</h1>
<p>I said no, no, yes, no. I said no to the one about apartment rent since it's not going towards new construction?</p>
<p>okay, let's just share answers here and see if we can figure out the real ones. I only took macro...</p>
<p>1 a) I put decreased demand (shifts to left), cause I figured that no one will want money in order to invest in a declining market. I was thinking maybe it was supply that shifted left, but I thought that only the Fed could determine supply. Interest level decreases due to left shift in demand</p>
<p>b) I shifted the demand to the left since I figured that, due to lower interest rates and low inflation, that the currency would depreciate in the end. This part I'm also unsure on, as i know that in a deflating economy the value of money held increases, but i wasn't sure how that effected international demand</p>
<p>c+d) Well, if depreciation is correct, then exports increase and imports decrease, thus shifting AD right, increasing output and price level.</p>
<p>e) Inc output=dec unemployment</p>
<p>2 a) I honestly wasn't taught what this was, I just said that it was equal to the prime rate which was determined by the real interest rate (i just made that up)</p>
<p>b) I figure that decreasing any type of lending rate means that the Fed should purchase open market bonds.</p>
<p>c) I put that max change=48 million. 1/.2=5. 5 times 10 is 50, but 20% of that original ten must be held, so I figure 48 is the answer.</p>
<p>d) supply of money shifts right, int rate decreases</p>
<p>e) Real=nominal-inflation, if inflation increases and nominal decreases, real decreases.</p>
<p>3) no,yes,yes, no. I'm not gonna bother explaining those, b is the only one i'm unsure on.</p>
<p>I think its no for all for the GDP. How do commisions count?</p>
<p>Hm, I responded differently.</p>
<p>I didn't do money market--I said market for loanable funds. When people insert money into banks, that increases supply of loanable funds, decreasing interest rates.</p>
<p>^ are you talking about a? It said to draw a money market graph specifically.
@gojets...isn't 20% of 50 million...10 million? </p>
<p>I think I did number one completely wrong. </p>
<p>for 2
a) I put that the federal funds rate was the discout rate given to commercial banks by the Fed...is that right??
b) Easy money policy...buying bonds.
c) I put $40 Million. 1/.2 = 5 x 10= 50 20% of 50 (10million) must be held...so 40.
d) Since buying bonds increases money supply, and through the money market graph and increase in supply would decrease int. rates.
e) real decreases. used the formula for real. </p>
<p>3)
a) no
b) yes, because i thought that rent for an apartment counted as consumption...like one person's spending becomes another person's wages...
c) yes, I took commissions as a business investment...that commissions were a type of wage
d) no.</p>