搜档网
当前位置:搜档网 › ap09_macroeconomics_form_b_sgs

ap09_macroeconomics_form_b_sgs

ap09_macroeconomics_form_b_sgs
ap09_macroeconomics_form_b_sgs

AP? Macroeconomics

2009 Scoring Guidelines

Form B

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. Each year, the College Board serves seven million students and their parents, 23,000 high schools and 3,800 colleges through major programs and services in college readiness, college admissions, guidance, assessment, financial aid, enrollment, and teaching and learning. Among its best-known programs are the SAT?, the PSAT/NMSQT? and the Advanced Placement Program? (AP?). The College Board is committed to the principles of excellence and equity, and that commitment is embodied in all of its programs, services, activities and concerns.

? 2009 The College Board. College Board, Advanced Placement Program, AP, AP Central, SAT, and the acorn logo are registered trademarks of the College Board. PSAT/NMSQT is a registered trademark of the College Board and National Merit Scholarship Corporation.

Permission to use copyrighted College Board materials may be requested online at:

https://www.sodocs.net/doc/8b5183165.html,/inquiry/cbpermit.html.

Visit the College Board on the Web: https://www.sodocs.net/doc/8b5183165.html,.

AP Central?is the official online home for AP teachers: https://www.sodocs.net/doc/8b5183165.html,.

Question 1

9 points (2 + 4 + 3)

(a) 2 points:

?One point is earned for the correctly labeled graph with vertical LRAS curve.

?One point is earned for the current equilibrium output, Y C, and price level, PL C, identified to the left of the LRAS curve.

(b) 4 points:

(i) 2 points:

?One point is earned for stating that aggregate demand increases.

?One point is earned for explaining that the decrease in taxes raises disposable income and increases consumption spending.

(ii) 2 points:

?One point is earned for a correctly labeled graph of the Phillips curve.

?One point is earned for the correct initial and current positions.

Question 1 (continued)

(c) 3 points:

?One point is earned for stating that the short-run aggregate supply curve will shift to the right.

?One point is earned for explaining that wages will fall, businesses will hire more workers, and output will rise.

?One point is earned for showing a leftward shift of the short-run Phillips curve.

Question 2

7 points (2 + 2 + 1 + 2)

(a) 2 points:

?One point is earned for determining the total change in reserves: $50 million.

?One point is earned for calculating the maximum possible change in the money supply:

10 × $50 = $500 million.

(b) 2 points:

?One point is earned for a correctly labeled graph of the money market.

?One point is earned for showing a leftward shift of the money supply curve and an increase in the nominal interest rate.

(c) 1 point:

?One point is earned for concluding that the equilibrium price level will fall.

(d) 2 points:

?One point is earned for concluding that people with a fixed income would be better off.

?One point is earned for explaining that the lower price level raises real income or increases the purchasing power of the fixed income.

Question 3

6 points (4 + 2)

(a) 4 points:

?One point is earned for the correctly labeled graph of the foreign exchange market.

?One point is earned for showing that the supply of Canadian dollars will increase, or the supply curve will shift to the right.

?One point is earned for explaining that Canadian investors will be attracted by the higher real interest rate in India and increase their purchase of Indian financial assets.

?One point is earned for showing that the Canadian dollar depreciates against the Indian rupee.

(b) 2 points:

?One point is earned for a correctly labeled graph of the loanable funds market.

?One point is earned for showing a leftward shift of the supply curve and an increase in the interest rate.

相关主题