2012 AP Macroeconomics宏观经济真题系列之简答题免费下载

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2012 AP Macroeconomics Free-Response Questions Free Download

2012 AP 宏观经济简答题部分免费下载

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1）Assume that the country of Rankinland is currently in recession.

1. Assume that Rankinland produces only food and clothing. Draw a correctly labeled production possibilities curve for Rankinland. Show a point that could represent the current output combination and label it A.
2. Assume that the Central Bank of Rankinland pursues an expansionary monetary policy.
   1. Identify the open-market operation that the Central Bank would use.
   2. Draw a correctly labeled money market graph and show the short-run effect of the expansionary monetary policy on the nominal interest rate.
   3. Assuming no change to the price level, what happens to the real interest rate as a result of the expansionary monetary policy? Explain.
   4. Given your answer to part (b)(iii) regarding the real interest rate, what happens to the real gross domestic product (GDP) in the short run? Explain.
3. Suppose Rankinland has a current account deficit. Rankinland’s currency is called the bera.
   1. What will initially happen to the current account deficit in Rankinland solely due to the change in the real GDP from part (b)(iv) ? Explain.
   2. What will happen to the international value of the bera solely due to the change in the real GDP from part (b)(iv) ? Explain.

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2012 AP Macroeconomics Practice Exam Free-Response Questions Free Download

2012 AP 宏观经济模考简答题部分免费下载

此套题共计时1小时

共3题

每道大题可能含有不同数量的小题

建议前10分钟读题后50分钟答题

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