Ap macro frq answers

AP Macroeconomics is an introductory college-level macroeconomics course. Students cultivate their understanding of the principles that apply to an economic system as a whole by using principles and models to describe economic situations and predict and explain outcomes with graphs, charts, and data as they explore concepts like economic …

Here is a quick, low edit, video covering my best guesses as to what the answers to the 2022 Macroeconomics Set 2 FRQ will be when the rubrics are officially...AP® Macroeconomics Scoring Guidelines Set 1 Author: College Board Subject: Advanced Placement; AP; Keywords: 2021 ; AP Exam Administration ; Scoring Guidelines; scoring information; free-response scoring criteria; scoring resources; FRQ; teacher resources; exam information; ADA Created Date: 12/22/2022 2:51:49 PMHere is a quick, low edit, video covering my best guesses as to what the answers to the 2023 Macroeconomics Set 1 FRQ will be when the rubrics are officially...2021 ap macroeconomics questions set 2021 college board. college board, advanced placement, ap, ... Ap21 frq macroeconomics set 1. Course. Introductory Economics A (ECON 1A) 28 Documents. ... You are advised to spend the first 10 minutes reading all of the questions and planning your answers.It is Friday afternoon, May 24, and you will be taking the AP Macroeconomics Exam. Look at your exam packet and confirm that the exam title is “AP Macroeconomics” and is printed in blue on the Section I booklet cover. [For large-type exams: If you are taking a large-type exam, the exam title “AP Macroeconomics” is printed in black.]AP® Macroeconomics 2005 Scoring Guidelines. The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 4,700 schools, colleges, universities, and other educational organizations.Use a pen with black or dark blue ink. 1. Assume that the country of Rankinland is currently in recession. (a) 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. Score: 8. The response earned the first point in part (a) for drawing a correctly labeled aggregate demand– aggregate supply graph showing PL1 and Y1 at the intersection of AD and SRAS. The response earned the second point in part (a) for correctly showing a vertical LRAS curve to the right of Y1 and labeling the full-employment output as YF.

Scoring Guidelines: 13 points (3+1+3+2+1+3) (a) 3 points: - AD/AS graph with full-employment output shown. - showing below full-employment equilibrium. - current price level and output. Question 1 (cont’d.) (b) 1 point: for identifying correct monetary policy: buy bonds. (c) 3 points: - correct graph of the money market. AP Central is the official online home for the AP Program: apcentral.collegeboard.com. 12 points (4 + 4 + 2 + 2) (a) 4 points: One point is earned for a correctly labeled graph. One point is earned for showing a rightward shift in New Zealand’s AD curve. One point is earned for the explanation that New Zealand’s exports to Australia increase. What is a good AP® Macroeconomics score? For all the Advanced Placement exams, a score of 3 or higher is a passing score. Specifically, the College Board defines a 3 as “qualified”, a 4 as “well qualified” and a 5 as “extremely well qualified.”. The “qualified” in these scores refers to whether or not a student is qualified to ...1 point. One point is earned for stating that the U.S. current account will be in deficit and for explaining that an increase in the U.S. real GDP increases the U.S.’s demand for European goods and services, which increases imports. 2 points. One point is earned for drawing a correctly labeled graph of the foreign exchange market for the euro.Close your booklet and put your answer sheet on your desk, faceup. Make sure you have your AP number label and an AP Exam label on page 1 of your answer sheet. Sit quietly while I collect your answer sheets. 2018-19 AP Exam Instructions. AP Economics Exams. AP Economics Exams. 79. 2018-19 AP Exam Instructions. Collect an answer sheet from …Macro Ultimate Review Packet. Buy $24.99 Teachers Free Preview. Fast and efficient! Everything you need to learn and practice for your introductory college, AP, A-Level, or CLEP macroeconomics course and exams. Exclusive unit summary videos, practice questions, study guides, and practice sheets with answer keys.

5 points. Calculate the total revenue at the market price as $250 and show your work. (b) (i) State that the quantity exchanged at the price floor will be 30 bushels. (ii) Calculate the deadweight loss as $40 and show your work. (iii) Calculate the producer surplus as $245 and show your work.If your app doesn't have this feature, you can create it yourself. If you’re tracking what you eat, most items are easy enough: You either search for what it is (for example, four ...Begin your response to this question at the top of a new page in the separate Free Response booklet and fill in the appropriate circle at the top of each page to indicate the question number. 2. An economy is currently in short-run equilibrium with a recessionary output gap of billion. $600. (a) Draw a single correctly labeled graph with both ...To do this, we must use the simple spending multiplier. To solve for this change. From the information in the problem, we know that the MPC = 0.8, and since MPC + MPS = 1, MPS = 0.2. From here, we can find the simple spending multiplier by using the formula SSM = 1/1-MPC = 1/MPS = 1/0.2 = 5. Now, because we know that ΔGDP = SSM * ΔSpending ...AP® Macroeconomics 2009 Scoring Guidelines . The College Board . The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,600 schools, colleges, universities and other educational organizations.

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AP® Macroeconomics 2008 Free-Response Questions Form B ... Directions: You have 50 minutes to answer all three of the following questions. It is suggested that you spend ... AP Keywords: ap08_macro_econ_form_b_frq Created Date: 5/2/2008 2:02:45 PM ...2 points. One point is earned for drawing a correctly labeled graph showing the short-run Phillips curve (SRPC). One point is earned for drawing the long-run Phillips curve (LRPC) showing the short-run equilibrium, labeled as point X, on the SRPC to the right of the LRPC, and for plotting the numbers in the correct places on the graph. 1 point.4 Tips for Using the AP Macroeconomics Cheat Sheet to Study for the Exam. While you can’t use an equations cheat sheet of any kind during the actual exam, you can use one to improve your AP Macro study plan. Below, we give you four tips for preparing for the AP Macro exam so you’ll get the score you’re hoping for. Tip 1: Work on Key Terms3 points: One point is earned for a correctly labeled graph of a downward-sloping short-run Phillips curve. One point is earned for drawing a vertical long-run Phillips curve and showing point A at the intersection of LRPC and SRPC. One point is earned for showing point B to the right of point A on the SRPC. 1 point:

Exam Skills. Learn all about the AP Macroeconomics exam! Learn how to manage the multiple choice questions (MCQs) and how to write great FRQs. Brush up on exam logistics, types of questions, how to draw graphs, helpful tips, sample questions, and practice prompts, With these useful strategies and practice, you'll be prepared to knock the exam … AP® MACROECONOMICS 2012 SCORING GUIDELINES. Question 1 (continued) (c) 4 points: One point is earned for stating that the current account deficit will increase. One point is earned for explaining that the increase in real GDP increases income, which causes. imports to increase and net exports to decrease. AP® Macroeconomics 2003 Scoring Guidelines. The materials included in these files are intended for use by AP teachers for course and exam preparation; permission for any other use must be sought from the Advanced Placement Program®. Teachers may reproduce them, in whole or in part, in limited quantities for noncommercial, face-to-face ... 5 points. Calculate Country A’s real GDP in 2021 as 44,000, calculate Country A’s real GDP per capita in 2021 as 400, and show your work. Rea l GDP Real GDP per. × =. State that the standard of living for the average person in Country A has stayed the same from 2020 to 2021 and explain that real GDP per capita in Country A did not change ...AP® Macroeconomics 2012 Free-Response Questions About the College Board The College Board is a mission-driven not-for-profit organization that connects students to college success and opportunity. Founded in 1900, the College Board was created to expand access to higher education. Today, the membership association is You will only earn credit for what you write in the separate Free Response booklet. 1. Assume the United States economy is in short-run macroeconomic equilibrium at an output level greater than potential output. Draw a correctly labeled graph of the aggregate demand, short-run aggregate supply, and long-run aggregate supply curves, and show ... 2013 AP Macro AK ... Answer Key for AP Macroeconomics Practice Exam ... B Free-Response Scoring Guidelines The following contains the scoring guidelines for the ...Feb 26, 2018 ... to help you practice and sharpen your skills. I go over the first FRQ in the 2017 Macro AP exam. To see all the released FRQs go to the link ...AP® Macroeconomics 2008 Scoring Guidelines Form B The College Board: Connecting Students to College Success The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,400 schools, colleges, universities, and otherAP® Macroeconomics 2010 Free-Response Questions The College Board The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the College Board is composed of more than 5,700 schools, colleges, universities and other educational organizations. AP Macroeconomics FRQ Practice. Ready to practice for you next free response exam? ReviewEcon.com has you covered! Below are some of my favorite Free Response Questions from past AP Macroeconomics Exams. Click on the question, try it out, then watch the review video to walk you through it! If you have any questions, ask them in the video comments.

Scoring Guidelines: 13 points (3+1+3+2+1+3) (a) 3 points: - AD/AS graph with full-employment output shown. - showing below full-employment equilibrium. - current price level and output. Question 1 (cont’d.) (b) 1 point: for identifying correct monetary policy: buy bonds. (c) 3 points: - correct graph of the money market.

2010 The College Board. Visit the College Board on the Web: www.collegeboard.com. GO ON TO THE NEXT PAGE. -2-. 2010 AP® MACROECONOMICS FREE-RESPONSE QUESTIONS (Form B) 2. The central bank of the country of Sewell sells bonds on the open market. Assume that banks in Sewell have no excess reserves.Monday Reversal, Powell on the Hill, Macro Watch, Trading Lockheed and Northrop: Market Recon...ACI At the time of publication, Guilfoyle was long LMT, NOC equity. Just as it was i...Visit the College Board on the Web: www.collegeboard.com. AP Central is the official online home for the AP Program: apcentral.collegeboard.com. MACROECONOMICS. Section II Planning Time—10 minutes Writing Time—50 minutes. Directions: You have 50 minutes to answer all three of the following questions.AP Central is the official online home for the AP Program: apcentral.collegeboard.com. 12 points (4 + 4 + 2 + 2) (a) 4 points: One point is earned for a correctly labeled graph. One point is earned for showing a rightward shift in New Zealand’s AD curve. One point is earned for the explanation that New Zealand’s exports to Australia increase.Sample Response Question 3. Student Performance Q&A. Scoring Statistics. Score Distributions. Sample Response Question 1. Visit all of our College Board AP Past Exams here. Exam paper questions organised by topic and difficulty. Our worksheets cover all topics from GCSE, IGCSE and A Level courses. Give them a try and see how you do!Nov 6, 2019 ... Share your videos with friends, family, and the world.If you are using assistive technology and need help accessing these PDFs in another format, contact Services for Students with Disabilities at 212-713-8333 or by email at [email protected]. The 2020 free-response questions are available in the AP Classroom question bank. Download free-response questions from past AP Human …Antiphospholipid syndrome (APS) is an autoimmune disorder that involves frequent blood clots (thromboses). When you have this condition, your body's immune system makes abnormal pr...Exam Skills. Learn all about the AP Macroeconomics exam! Learn how to manage the multiple choice questions (MCQs) and how to write great FRQs. Brush up on exam logistics, types of questions, how to draw graphs, helpful tips, sample questions, and practice prompts, With these useful strategies and practice, you'll be prepared to knock the exam …

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AP® Macroeconomics 2008 Scoring Guidelines Form B The College Board: Connecting Students to College Success The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,400 schools, colleges, universities, and other AP® Macroeconomics 2003 Scoring Guidelines. The materials included in these files are intended for use by AP teachers for course and exam preparation; permission for any other use must be sought from the Advanced Placement Program®. Teachers may reproduce them, in whole or in part, in limited quantities for noncommercial, face-to-face ... ASTOR MACRO ALTERNATIVE FUND CLASS A- Performance charts including intraday, historical charts and prices and keydata. Indices Commodities Currencies StocksAP® MACROECONOMICS 2007 SCORING GUIDELINES Question 1 12 Points (3 + 3 + 2 + 3 +1) (a) 3 points: • One point is earned for a correctly labeled graph of the money market. • One point is earned for showing a rightward shift of the money demand curve. • One point is earned for the conclusion that the interest rate rises . (b) 3 points:We'll have to wait for any improvement to economic conditions once it dawns upon the voting membership of the FOMC just what they have wrought....XLC Five day workweek. Are you...The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,000 schools, colleges, universities, and other educational organizations. Each year, the College Board serves seven million students and their parents ...You will only earn credit for what you write in the separate Free Response booklet. 1. The economy of Northland is in short-run equilibrium with an actual unemployment rate of 7% and an actual inflation rate of 1%. The natural unemployment rate in Northland is 5%. Using the relevant numerical values given, draw a correctly labeled graph of the ...QUESTIONS 1–75. Indicate your answers to the exam questions in this section (pages 2 and 3). Mark only one response per question. for Questions 1 through 120. If a question has only four answer options, do not mark option E. Answers written in. the multiple-choice booklet will not be scored.AP® Statistics 2022 Scoring Guidelines . Question 1: Focus on Exploring Data 4 points . General Scoring Notes • Each part of the question (indicated by a letter) is initially scored by determining if it meets the criteria for essentially correct (E), partially correct (P), or incorrect (I). The response is then categorized based on theAP® Macroeconomics Scoring Guidelines Set 2 Author: College Board Subject: Advanced Placement; AP; Keywords: 2021 ; AP Exam Administration ; Scoring Guidelines; scoring information; free-response scoring criteria; scoring resources; FRQ; teacher resources; exam information; ADA Created Date: 12/22/2022 3:46:22 PM2012 The College Board. Visit the College Board on the Web: www.collegeboard.org. GO ON TO THE NEXT PAGE. -2-. 2012 AP® MACROECONOMICS FREE-RESPONSE QUESTIONS. 2. The following is a simplified balance sheet for Mi Tierra Bank in the United States. Mi Tierra Bank. Assets. Liabilities. ….

2022 AP Exam Administration Scoring Guidelines - AP Macroeconomics \(Set 1\) Author: College Board Subject: AP; Advanced Placement; ADA Keywords "2022 AP Exam Administration; Scoring Guidelines; scoring information; scoring resources; exam information; exam resources; exam materials; teacher resources; "; Created Date: 12/26/2022 9:40:54 AMAP® Macroeconomics 2004 Scoring Guidelines Form B. The materials included in these files are intended for noncommercial use by AP teachers for course and exam preparation; permission for any other use must be sought from the Advanced Placement Program®. Teachers may reproduce them, in whole or in part, in limited quantities, for face-to-face ... AP Macroeconomics 2001 Scoring Guidelines. The materials included in these files are intended for non-commercial use by AP teachers for course and exam preparation; permission for any other use must be sought from the Advanced Placement Program. Teachers may reproduce them, in whole or in part, in limited quantities, for face-to-face teaching ... This PDF practice test includes 60 questions along with an answer key. Covers a lot of important concepts. Mankiw Textbook Quizzes. AP Macro multiple choice questions for …5 points. Calculate the total revenue at the market price as $250 and show your work. (b) (i) State that the quantity exchanged at the price floor will be 30 bushels. (ii) Calculate the deadweight loss as $40 and show your work. (iii) Calculate the producer surplus as $245 and show your work.Here is a quick, low edit, video covering my best guesses as to what the answers to the 2023 Macroeconomics Set 1 FRQ will be when the rubrics are officially...2018 AP ® MACROECONOMICS FREE-RESPONSE QUESTIONS MACROECONOMICS Section II Total Time—1 hour . Reading Period— 10 minutes . Writing Period— 50 minutes . Directions: You are advised to spend the first 10 minutes reading all of the questions and planning your answers. You will then have 50 minutes to answer all three of the following ...Grading Rubric: Point allocations: [1+4+1+1+4=11 points] a) 1 point:Fiscal Policy to reduce unemployment: G up or T down (or increase in Transfer payments) b)1 Point for each of the 4 responses = 4 points 1 point:Correctly labeled AS and AD graph with appropriate slopes (even vertical AS okay for this point).JHANCOCK DIVERSIFIED MACRO FUND CLASS A- Performance charts including intraday, historical charts and prices and keydata. Indices Commodities Currencies Stocks Ap macro frq answers, BuzzFeed revealing the identities of these NFT tycoons wasn't doxxing—it was journalism On Feb. 4, BuzzFeed published an article that revealed the identities of two of the most inf..., If you are using assistive technology and need help accessing these PDFs in another format, contact Services for Students with Disabilities at 212-713-8333 or by email at [email protected]. The 2020 free-response questions are available in the AP Classroom question bank. Download free-response questions from past AP Human …, Exam Skills. Learn all about the AP Macroeconomics exam! Learn how to manage the multiple choice questions (MCQs) and how to write great FRQs. Brush up on exam logistics, types of questions, how to draw graphs, helpful tips, sample questions, and practice prompts, With these useful strategies and practice, you'll be prepared to knock the exam …, 2 points. (b) (i) (ii) Calculate the minimum change in government spending as $150 billion and show your work. $600 billion 0.75) = $600 billion Spending Multiplier = − 4 = $150 billion Calculate the minimum change hange in GDP in taxes as $200 billion and show your work. Tax Multiplier = −0.75 /(1− 0.75) = $600 billion −3 =− $200 ..., Download free-response questions from past exams along with scoring guidelines, sample responses from exam takers, and scoring distributions. If you are using assistive technology and need help accessing these PDFs in another format, contact Services for Students with Disabilities at 212-713-8333 or by email at [email protected]. Expand All., Download free-response questions from past exams along with scoring guidelines, sample responses from exam takers, and scoring distributions. If you are using assistive technology and need help accessing these PDFs in another format, contact Services for Students with Disabilities at 212-713-8333 or by email at [email protected]. Expand All., AP® Macroeconomics 2002 Scoring Guidelines Form B. The materials included in these files are intended for use by AP teachers for course and exam preparation in the classroom; permission for any other use must be sought from the Advanced Placement Program®. Teachers may reproduce them, in whole or in part, in limited quantities, for face-to ..., 1 point. One point is earned for stating that the U.S. current account will be in deficit and for explaining that an increase in the U.S. real GDP increases the U.S.’s demand for European goods and services, which increases imports. 2 points. One point is earned for drawing a correctly labeled graph of the foreign exchange market for the euro., AP ® Macroeconomics 2022 Free-Response Questions . 1. Assume a country’s economy is operating below full employment. (a) Draw a correctly labeled graph of aggregate demand, short-run aggregate supply, and long-run aggregate supply, and show each of the following. (i) The current equilibrium real output and price level, labeled as Y1 and PL. 1 , With our score calculator, you can learn what you’ll need to score a 3, 4, or 5. AP® score calculators are a great way to motivate yourself when you’re studying. You can quickly realize how close you may be to getting the score you want. We recommend you run our calculator regularly in your AP® exam prep, so you can understand where you ..., AP Central is the official online home for the AP Program: apcentral.collegeboard.com. 10 Points (2 + 2 + 2 + 2 + 2) 2 points: One point is earned for a correctly labeled graph with a downward-sloping AD curve, an upward-sloping SRAS curve, and the points PLE and YE on the vertical and horizontal axes. One point is earned for showing a vertical ... , good ap macroeconomics practice exam from the 2016 administration this exam may not be posted on school or personal websites, nor electronically redistributed. Skip to document. ... Answer sheets. AP Student Packs. 2015-16 AP Coordinator’s Manual!is book — AP Exam Instructions., The natural rate of unemployment is 5%, the frictional rate of unemployment is 4%, and the actual rate of unemployment is 7%. (a) What is the numerical value of the cyclical rate of unemployment in Flowerland? (b) Assume the foreign demand for lavender oil produced in Flowerland increases., answer all parts of the question correctly and earned all because of supply ( will increase due to an increase in capital stock formation. AP ® MACROECONOMICS 2018 SCORING COMMENTARY . Question 2 . Overview . The question examined students’ knowledge and understanding of the impact of a change in tax policy on the, 2 points. (b) (i) (ii) Calculate the minimum change in government spending as $150 billion and show your work. $600 billion 0.75) = $600 billion Spending Multiplier = − 4 = $150 billion Calculate the minimum change hange in GDP in taxes as $200 billion and show your work. Tax Multiplier = −0.75 /(1− 0.75) = $600 billion −3 =− $200 ..., 1. Assume that the United States economy is currently operating below the full-employment level of real gross domestic product with a balanced budget. (a) Draw a correctly labeled graph of aggregate demand, short-run aggregate supply, and long-run aggregate supply, and show each of the following in the United States. (i) Current output and ..., May 3, 2016 ... AP Macroeconomics Multiple Choice - Part 1. 14K ... AP Macro Exam Unit Summaries. ReviewEcon ... 2022 Macroeconomics FRQ Set 1 Answers! (Best ..., AP Macroeconomics 2000 Scoring Guidelines. The materials included in these files are intended for non-commercial use by AP teachers for course and exam preparation; permission for any other use must be sought from the Advanced Placement Program. Teachers may reproduce them, in whole or in part, in limited quantities, for face-to-face teaching ..., AP® Macroeconomics 2008 Scoring Guidelines Form B The College Board: Connecting Students to College Success The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,400 schools, colleges, universities, and other, GDP falls 2. Labor force participation rate. labor force/population x 100. unemployment rate. number of unemployed/labor force x 100. Full employment. Natural rate of …, 3 points: One point is earned for a correctly labeled graph of a downward-sloping short-run Phillips curve. One point is earned for drawing a vertical long-run Phillips curve and showing point A at the intersection of LRPC and SRPC. One point is earned for showing point B to the right of point A on the SRPC. 1 point:, ***Note: for part 2c, my explanation says more instead of less. I would have lost a point for my contradiction! 😬😭Here is a quick, low edit, video covering..., AP ® Macroeconomics 2022 Free-Response Questions . 1. Assume a country’s economy is operating below full employment. (a) Draw a correctly labeled graph of aggregate demand, short-run aggregate supply, and long-run aggregate supply, and show each of the following. (i) The current equilibrium real output and price level, labeled as Y1 and PL. 1, Subscription Only AP Macro Practice. Shmoop Practice Tests ($14.99 a month for regular subscription) A subscription to Shmoop will get you access to a diagnostic test plus a full AP Macro practice test (including both multiple-choice and free-response questions, although these are of course unofficial)., AP Central is the official online home for the AP Program: apcentral.collegeboard.com. 12 points (4 + 4 + 2 + 2) (a) 4 points: One point is earned for a correctly labeled graph. One point is earned for showing a rightward shift in New Zealand’s AD curve. One point is earned for the explanation that New Zealand’s exports to Australia increase., AP Central is the oficial online home for the AP Program: apcentral.collegeboard.org. AP® Macroeconomics 2022 Scoring Guidelines. Question 2: Short. 5 points. (a) Calculate Country A’s real GDP in 2021 as 44,000, calculate Country A’s real GDP per capita Real GDP. in 2021. as 400, and show your work. Real GDP per Capita × = = =. , AP® Macroeconomics 2008 Scoring Guidelines. The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,400 schools, colleges, universities, and other educational organizations., It is Friday afternoon, May 24, and you will be taking the AP Macroeconomics Exam. Look at your exam packet and confirm that the exam title is “AP Macroeconomics” and is printed in blue on the Section I booklet cover. [For large-type exams: If you are taking a large-type exam, the exam title “AP Macroeconomics” is printed in black.], AP ® Macroeconomics 2022 Free-Response Questions . 1. Assume a country’s economy is operating below full employment. (a) Draw a correctly labeled graph of aggregate demand, short-run aggregate supply, and long-run aggregate supply, and show each of the following. (i) The current equilibrium real output and price level, labeled as Y1 and PL. 1 , AP ® Macroeconomics 2022 Free-Response Questions . 1. Assume a country’s economy is operating below full employment. (a) Draw a correctly labeled graph of aggregate demand, short-run aggregate supply, and long-run aggregate supply, and show each of the following. (i) The current equilibrium real output and price level, labeled as Y1 and PL. 1 , AP® Macroeconomics Exam. Regularly Scheduled Exam Date: ursday morning, May 16, 2013. Late-Testing Exam Date: Wednesday morning, May 22, 2013. 69. Section I: At a Glance. Total Time: 1 hour, 10 minutes Number of Questions: 60 Percent of Total Score: 66% Writing Instrument: Pencil required. Section I: Multiple Choice Booklet Instructions, Download free-response questions from past exams along with scoring guidelines, sample responses from exam takers, and scoring distributions. If you are using assistive technology and need help accessing these PDFs in another format, contact Services for Students with Disabilities at 212-713-8333 or by email at [email protected]. The ..., Use a pen with black or dark blue ink. 1. Assume that the economy of Country X has an actual unemployment rate of 7%, a natural rate of unemployment of 5%, and an inflation rate of 3%. (a) Using the numerical values given above, draw a correctly labeled graph of the short-run and long-run Phillips curves. Label the current short-run equilibrium ...