2019年AP宏观经济学（选择题+简答题）真题及答案下载（PDF）

2019年AP宏观经济学（选择题+简答题）真题及答案下载（PDF）

2019年AP宏观经济学选择题真题如下：

1. An economy is operating at a point inside its production possibilities curve (PPC). Which of the following will most likely cause the economy to move toward the current PPC in the short run?

(A) A decrease in government spending

(B) A decrease in inflation

(C) An increase in human capital

(D) An increase in employment

(E) An increase in imports

2. An increase in which of the following will most likely promote economic growth?

(A) Taxes on investment

(B) The price level

(C) Human capital

(D) Consumption of nondurable goods

(E) Interest rates

3. Which of the following will cause aggregate supply to increase in Country X?

(A) An increase in personal income taxes

(B) The discovery of low-cost alternative sources of energy

(C) A decrease in labor productivity with no change in nominal wages

(D) Depreciation of country X’s currency on the foreign exchange market

(E) An increase in the price level

4. The graph above shows the production possibilities curve for Factory X and Factory Y. If Factory X uses the same amount of resources to produce skateboards and bikes as Factory Y uses, which of the following is true?

(A) Factory X has an absolute advantage in producing bikes.

(B) Factory X has an absolute advantage in producing skateboards.

(C) Factory X has a comparative advantage in producing skateboards.

(D) Factory Y has a comparative advantage in producing skateboards.

(E) Factory Y has an absolute advantage in producing skateboards.

5. An increase in the price of oil, an important input to production, will result in which of the following in the short run?

(A) A decrease in the price level

(B) A decrease in short-run aggregate supply

(C) A decrease in unemployment

(D) An increase in real wages

(E) An increase in aggregate demand

6. An economy is currently operating at the full-employment level of output. Which of the following would result in a recessionary gap in the short run?

(A) An increase in the costs of production

(B) An improvement in the productivity of labor

(C) An increase in money supply

(D) A positive supply shock

(E) A decrease in income tax rates

7. Thailand and Malaysia are trading partners. If the price level in Thailand decreases relative to the price level in Malaysia, what will happen to Thailand’s exports to Malaysia and Thailand’s aggregate demand?

Thailand’s Exports    Thailand’s Aggregate Demand

(A) Increase  Decrease

(B) Increase  Increase

(C) Increase  Indeterminate

(D) Decrease  Decrease

(E) Decrease  Increase

。。。。2019年AP宏观经济学选择题真题如下省略！

2019年AP宏观经济学简答题真题如下：

1. Assume that a country’s economy is currently in recession.

(a) Draw a correctly labeled graph of the long-run and short-run Phillips curves. Label the current equilibrium as point Z.

(b) Assume banks in the country hold no excess reserves and the public’s holding of currency is constant. The required reserve ratio is 25%. The central bank of the country buys $100 billion in bonds from the nonbank public.

(i) By how much will the monetary base of the country change?

(ii) Calculate the change in the amount of loans in the banking system in the country.

(iii) Calculate the change in the money supply in the country.

(c) Draw a correctly labeled graph of the money market and show the effect of the change in the money supply identified in part (b)(iii) on the nominal interest rate.

(d) Assume there is no change in inflationary expectations. On your graph in part (a), label a point W that is consistent with the effect of the change in the nominal interest rate identified in part (c).

(e) Based on the change in the interest rate identified in part (c), how will the international value of the country’s currency change?

(f) Based on your answer in part (e), will the country’s net exports increase, decrease, or stay the same? Explain.

2. Suppose that the United States government implements a fiscal policy that increases the budget surplus.

(a) Draw a correctly labeled graph of the loanable funds market and show the effect of the increase in the budget surplus on the equilibrium real interest rate.

(b) The European Union is a major trading partner of the United States. Given your answer in part (a) about the real interest rate, will the United States dollar appreciate or depreciate against the euro? Explain.

(c) Suppose that the Federal Reserve, the central bank of the United States, decides to offset the change in the value of the dollar identified in part (b).

(i) Would the Federal Reserve buy or sell the euro?

(ii) Would the Federal Reserve buy or sell the dollar?

(d) Suppose that the Federal Reserve wants to counteract the real interest rate change identified in part (a). What open-market operation would the Federal Reserve use?

。。。。。2019年AP宏观经济学简答题真题省略！

2019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！