<p>maybe there is a difference for microecon?</p>
<p>I don’t think so. That’s prolly a messed up question on their part.</p>
<p>Bah, we did micro 2nd semester so I’m pretty much set I think. I don’t remember any macro… and it’s t-minus 11 hours or so…</p>
<p>Perhaps the question was worded wrong and meant to say “which of the following could have caused an increase in quantity demanded”</p>
<p>Price should only change quantity demanded…so B.
Hmm…</p>
<ol>
<li>A commercial bank has $15,000 total reserves, $70,000 securities, and $15,000 in loans as assets, and $100,000 in demand deposits liabilities. If the reserve requirement is 12% and the bank does not sell any of its securities, the maximum amount of additional lending this bank can undertake is
(A) $15,000
(B) $12,000
(C) $3,000
(D) $1,800
(E) 0</li>
</ol>
<p>answer key says C, can anyone explain?</p>
<p>ignore the securities. bank needs 12k in reserves (12% of the liabilities). banks has 15k. bank loans 3k</p>
<p>guys for macro can any of you guys explain to me what net capital outflow is? thanks</p>
<p><a href=“http://lmgtfy.com/?q=net+capital+outflow[/url]”>http://lmgtfy.com/?q=net+capital+outflow</a></p>
<p>edit: haha I was just about to post that user_007</p>
<p>that banks question is worded oddly because it says “how much ADDITIONAL lending” instead of just “how much lending”</p>
<p>Hey what raw score do we need to earn a 5 on micro? on macro?</p>
<p>Micro ~68/90
Macro ~ 65/90</p>
<p>it is additional lending b/c the bank already has 15k in loans (as assets, meaning they are owed money)</p>
<p>really? what scale did you get this from? I’m just wondering, because on five steps to a five the raw score for a 5 is in the low 70’s.</p>
<p>2009 princeton review</p>
<p>2005 AP Macroeconomics Grading Chart:
71-90 = 5
53-70 = 4
43-52 = 3
31-42 = 2
0-30 = 1</p>
<p>Roughly a 79% to get a 5.</p>