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05-14-2008, 11:13 AM
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#16 | | Junior Member
Join Date: Dec 2007 Location: MD Gender: Not Saying
Threads: 16
Posts: 76
| I am actually on the same boat as you acg7160...
focus on the inflation,national income and unemployment.I like barron's way more than pr review...but the MC in barron's are indeed easy.
as long as you understand the graphs I think macroecon will be fine~ | 
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05-14-2008, 11:24 AM
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#17 | | Junior Member
Join Date: Dec 2007
Threads: 8
Posts: 184
| Know the graphs! Aggregate supply/demand, loanable funds, money supply, Phillips curve, exchange rate.
Know what shifts which curve on each graph. Every time there's an equilibrium, and then it shifts, at least one of the curves has shifted left or right. Know what causes those shifts. Expect this to be tested. My guess is that one of the FRQ will have a shift of ag supply/demand, so be sure to know that. | |
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05-14-2008, 12:53 PM
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#18 | | Junior Member
Join Date: Oct 2007
Threads: 15
Posts: 178
| Does anyone know the answers to the 2000 AP exam free response? Or can anyone help me with questions 2 and 3 on that test? Thanks! | |
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05-14-2008, 04:45 PM
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#19 | | Junior Member
Join Date: Dec 2007 Location: MD Gender: Not Saying
Threads: 16
Posts: 76
| does college board even relese frq questions after year 2004?? | |
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05-14-2008, 05:00 PM
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#20 | | Junior Member
Join Date: Oct 2007
Threads: 15
Posts: 79
| how are u guys preparing for this exam?
did u guys finish Barron's or PR or both?
how similar are the barron's and PR practice tests to the actual tests? | |
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05-14-2008, 05:17 PM
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#21 | | Junior Member
Join Date: Jun 2006
Threads: 10
Posts: 51
| Luckily, my AP Gov/Macroeconomics teacher is fantastic, I'm not preparing at all, and still expecting a 5. | |
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05-14-2008, 05:20 PM
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#22 | | Member
Join Date: Oct 2006
Threads: 1
Posts: 306
| Can someone explain the whole foreign exchange process where value of currency in 1 country appreciates/depreciates, interest rates, and exports/imports are connected? Its the only topic I dont really understand about how it works. | |
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05-14-2008, 05:37 PM
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#23 | | Junior Member
Join Date: Dec 2007
Threads: 8
Posts: 184
| For the loanable funds graph, is the vertical axis nominal interest rate or real interest rate? I know for the money supply graph, it's nominal interest rate. | |
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05-14-2008, 05:47 PM
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#24 | | Junior Member
Join Date: May 2007
Threads: 18
Posts: 246
| It's real interest rate. | |
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05-14-2008, 05:49 PM
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#25 | | Junior Member
Join Date: Dec 2007 Location: SW PA => Georgetown SFS '12 Gender: Female
Threads: 4
Posts: 244
| A clue for that, a lot of times in the FRQ they'll tell you to draw the graph, but make sure you look down in the next part because if they ask you to shift something they might say "indicate the change in the real interest rate." Sometimes the question can let you know what to put on each axis. | |
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05-14-2008, 07:25 PM
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#26 | | Junior Member
Join Date: Jun 2007
Threads: 12
Posts: 112
| can someone explain to me the loanable funds market and what causes the two curves to shift and in what direction?
and can someone elaborate on the philips curve?
both of these graphs are not in my textbook =\ | |
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05-14-2008, 07:29 PM
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#27 | | Member
Join Date: Oct 2005 Location: The CPT
Threads: 45
Posts: 858
| Can someone post up the qualities of different economic theories--e.g. supply-side, monetarist, Keynesian, classical, etc? | |
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05-14-2008, 07:33 PM
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#28 | | Member
Join Date: May 2006
Threads: 48
Posts: 826
| yo any of you taking Macro Late here? I m taking it late and need somebody to review with a little lol | |
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05-14-2008, 07:50 PM
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#29 | | Junior Member
Join Date: Dec 2007 Location: SW PA => Georgetown SFS '12 Gender: Female
Threads: 4
Posts: 244
| dfall: The loanable funds market basically describes what funds are available for banks to loan out. So, for instance, if people decide to save more, the loanable funds SUPPLY curve will shift to the right because more money is kept in the banks, which can be loaned out to other people. Is that a little better?
Also, the Phillips tradeoff describes the inverse relationship between unemployment and inflation. When unemployment is low, inflation is high, and vice versa. You can actually see this just by moving the AD curve: if AD shifts right, output increases (meaning that unemployment decreases) and price level (inflation) increases. Here is a graph: http://plus.maths.org/latestnews/sep...6/Phillips.gif
The phillips curve is a vertical line in the long run. | |
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05-14-2008, 08:03 PM
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#30 | | Junior Member
Join Date: Dec 2007 Location: MD Gender: Not Saying
Threads: 16
Posts: 76
| @tlesc01 I dont understand why there's no trade-off in long run. Can you please explain to me?thanks=] | |
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