2016年AP宏观经济学（选择题+简答题）真题及答案下载（PDF）

2016年AP宏观经济学（选择题+简答题）真题及答案下载（PDF）

2016年AP宏观经济学选择题真题省略：

1. The opportunity cost of moving production from point R to point T is

(A) one unit of Good Y

(B) five units of Good Y

(C) six units of Good Y

(D) three units of Good X

(E) seven units of Good X

2. If a country’s production possibilities curve is shifting outward, which of the following must be true?

(A) There is cyclical unemployment.

(B) The price level is increasing.

(C) The aggregate demand curve is shifting to the right.

(D) The long-run Phillips curve is shifting to the right.

(E) The long-run aggregate supply curve is shifting to the right.

3. In a closed economy with lump sum taxes, if the marginal propensity to consume increased from 0.5 to 0.75, the simple spending multiplier and the marginal propensity to save (MPS) would change in which of the following ways?

Multiplier     MPS

(A) Increase     Increase

(B) Increase     Decrease

(C) No change    Decrease

(D) Decrease     Increase

(E) Decrease     Decrease

4. The table above shows the nominal gross domestic product (GDP) and the price index for an economy during the period 2012 and 2013. Which of the following would have occurred from 2012 to 2013 ?

(A) Real GDP decreased by 20%.

(B) Real GDP decreased by 10%.

(C) Real GDP increased by 20%.

(D) Real GDP increased by 10%.

(E) Real GDP did not change.

5. The equilibrium real interest rate in Britain increases to 8 percent while the equilibrium real interest rate in Australia remains at 4 percent.As a result, financial capital will flow from

(A) Britain to Australia, increasing the interest rate in Britain and decreasing the interest rate in Australia

(B) Britain to Australia, decreasing the interest rate in Britain and increasing the interest rate in Australia

(C) Australia to Britain, increasing the interest rate in Britain and decreasing the interest rate in Australia

(D) Australia to Britain, decreasing the interest rate in Britain and decreasing the interest rate in Australia

(E) Australia to Britain, decreasing the interest rate in Britain and increasing the interest rate in Australia

6. When a central bank conducts open-market bond sales, the money supply, interest rate, and aggregate demand will change in which of the following ways in the short run?

Money Supply    Interest Rate    Aggregate Demand

(A) Decrease Increase Decrease

(B) Decrease Decrease Increase

(C) Decrease Increase Increase

(D) Increase Decrease Increase

(E) Increase Decrease Decrease

7. If the central bank holds interest rates constant, an autonomous decrease of $10 million in investment spending will most likely result in

(A) a decrease of exactly $10 million in gross domestic product

(B) a decrease of more than $10 million in gross domestic product

(C) an increase of $10 million in taxes to offset the decrease in investment

(D) an increase of $10 million in aggregate supply to offset the decrease in investment

(E) an increase in the cost of loans for investment purposes

。。。。2016年AP宏观经济学选择题真题省略。

2016年AP宏观经济学简单题真题如下：

1. The economy of Zarland is operating below the full-employment level of output with a balanced budget.

(a) Draw a correctly labeled graph of short-run aggregate supply, long-run aggregate supply, and aggregate demand, and show each of the following.

(i) The country’s current equilibrium output and price level, labeled Y1 and PL1, respectively

(ii) The full-employment output, labeled Yf

(b) If Zarland increases government expenditures and taxes by equal amounts, can aggregate demand increase? Explain.

(c) If Zarland decides to pursue an expansionary monetary policy, what open-market operation should the central bank undertake?

(d) Using a correctly labeled graph of the money market, show the short-run effect of the open-market operation you identified in part (c) on the interest rate.

(e) As a result of the interest rate change associated with the expansionary monetary policy, will the supply of Zarland’s currency in the foreign exchange market increase, decrease, or remain the same in the short run?Explain.

(f) Based on your answer in part (e), will the value of Zarland’s currency in the foreign exchange market increase, decrease, or remain the same in the short run?

(g) Following the change in the value of Zarland’s currency that you identified in part (f), will Zarland’s exports increase, decrease, or remain the same in the short run? Explain.

2. Assume that the current unemployment rate in Country A is lower than the natural rate of unemployment.

(a) Draw a single correctly labeled graph with both the long-run Phillips curve and the short-run Phillips curve.Label the current short-run equilibrium point Z.

(b) Identify a specific fiscal policy action that would bring the economy to full employment.

(c) Draw a correctly labeled graph of the loanable funds market, and show the effect of the fiscal policy from part (b) on the real interest rate in the short run.

(d) Now assume instead that there is no fiscal policy action. Will the short-run Phillips curve shift to the right,shift to the left, or remain the same over time? Explain.

。。。。2016年AP宏观经济学简单题真题余下省略！

2016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！