2015年AP宏观经济学（选择题+简答题）真题及答案下载（PDF）

2015年AP宏观经济学（选择题+简答题）真题及答案下载（PDF）

2015年AP宏观经济学选择题真题省略：

1. Which of the following is always true of an economy operating on its production possibilities frontier?

(A) Its resources are fully employed.

(B) It is allocatively efficient.

(C) It cannot trade with other nations because it is the most efficient producer of tradeable goods.

(D) It will necessarily operate on the same frontier the following year.

(E) It must be a command economy.

2. Open market operations take place when the

(A) central bank buys or sells stocks

(B) central bank buys or sells government bonds

(C) central bank increases or decreases the discount rate to monitor the money supply

(D) central bank increases or decreases reserve requirements for depository institutions

(E) commercial banks borrow reserves from the central bank

3. A rightward shift in the short-run aggregate supply curve will occur when

(A) exports exceed imports

(B) the money supply increases

(C) the prices of imported raw materials increase

(D) the stock of physical capital increases

(E) unions have negotiated a wage increase for their members

4. An increase in which of the following is most likely to increase long-run economic growth?

(A) Interest rate

(B) Income tax rate

(C) Marginal propensity to consume

(D) Investment in human capital

(E) Money demand

5. Suppose that personal income is $3,500 billion,personal taxes are $1,000 billion, and depreciation is $500 billion. Disposable income is equal to which of the following?

(A) $1,500 billion

(B) $2,000 billion

(C) $2,500 billion

(D) $3,000 billion

(E) There is not enough information to answer the question.

6. The money demand curve is downward sloping because

(A) the transaction demand for money decreases as interest rates fall

(B) people hold less money as the opportunity cost of holding money rises

(C) money is less liquid as interest rates rise, so people are able to hold less of it

(D) banks are more willing to create money when interest rates fall

(E) with higher incomes, people are willing to hold smaller percentages of their money

7. According to the quantity theory of money,the quantity of money is related

(A) negatively to the nominal interest rate

(B) negatively to the price level

(C) positively to the velocity of money

(D) positively to the unemployment rate

(E) positively to the nominal gross domestic product

8. Which of the following would generate cost-push inflation?

(A) An increase in the price of labor

(B) A decrease in the price of energy

(C) An increase in household consumption

(D) A decrease in government spending

(E) An increase in the money supply

。。。。2015年AP宏观经济学选择题真题省略。

2015年AP宏观经济学简单题真题如下：

1. Assume that a country’s economy is in long-run equilibrium.

(a) Using a correctly labeled graph of aggregate demand, short-run aggregate supply, and long-run aggregate supply, show the short-run equilibrium price level, labeled PL1, and output level, labeled Y1.

(b) Assume that increased uncertainty has reduced business orders for equipment. What is the impact of the change in business orders on each of the following in the short run?

(i) Aggregate demand. Explain.

(ii) Employment

(c) Based on the change in business orders, what will happen to the long-run economic growth rate? Explain.

(d) Using a correctly labeled graph of the loanable funds market, show the effect of the change in business orders on the real interest rate in the country in the short run.

(e) Given the effect on the real interest rate identified in part (d), what will happen to each of the following?

(i) The supply of the country’s currency on the foreign exchange market. Explain.

(ii) The international value of the country’s currency

2. Kathy deposits $10,000 cash into her checking account at First Federal Bank. The required reserve ratio is 20 percent.

(a) Calculate the maximum possible change in First Federal’s loans as a result of Kathy’s deposit.

(b) After all adjustments in the banking system have occurred, calculate the maximum possible change in each of the following as a result of Kathy’s deposit.

(i) Demand deposits in the banking system

(ii) The money supply

(c) Draw a correctly labeled graph of the money market and show the effect of Kathy’s deposit on the nominal interest rate.

(d) Identify ONE reason that the change in the money supply could differ from the value calculated in part (b)(ii).

。。。。2015年AP宏观经济学简单题真题余下省略！

2015年AP宏观经济学（选择题+简答题）真题及答案下载（PDF），20元有偿下载！