<p>
If the taxed good has a relatively elastic demand, the producer will bear the majority of the tax. If it has a relatively inelastic demand, the consumer will bear the majority of the tax.</p>
<p>I meant how do you determine the exact amount of the tax that a party bears.</p>
<p>So can someone please send me a non-1995 exam :(</p>
<p>Does anyone know the breakdown from raw scores to actual scores?</p>
<p>On multiple choice examples given from college board, I got:</p>
<p>21/24 correct –> 3 wrong, 0 blank on Micro
13/21 correct –> 8 wrong, 0 blank on Macro</p>
<p>I’m assuming the Micro score is a 5 (right?)
But I have no idea about the Macro one.</p>
<p>Obviously I need to study Macro a bit more.
So can anyone “score” me. I know I didn’t do the free response questions, but for other tests, at least for physics, I was able to see what percentage of students with the same multiple choice raw score that I had got 1s 2s 3s 4s and 5s</p>
<p>Thanks</p>
<p>If Country Z’s inflation rate increases relative to other countries, why does Country Z’s imports increase and exports decrease? Shouldn’t it be opposite?</p>
<p>Also, how would a decrease in price level shift AS right?</p>
<p>
That isn’t covered in AP Micro or Macro. You can determine the total revenue collected through the tax though.</p>
<p>
If Country Z experiences inflation, it means that the prices of goods produced domestically are rising. Thus, foreign demand for goods produced in Country Z will decrease whereas the inflated value of Country Z’s currency will cause it to import more goods from other countries.</p>
<p>Micro question here.
Should we assume that the expectation of a surplus/shortage in the near future will only affect demand for the good in a market, or is there a way that this expectation will have an impact on supply as well? If so, how?</p>
<p>Because prices have gone up and things are more expensive in country Z so people won’t buy as many goods from country Z and citizens of country Z will buy the same goods from elsewhere since they’ll be cheaper elsewhere. It confuses me too lol.</p>
<p>But wouldn’t Country Z’s currency depreciate? Somebody said inflation = deprecation. And depreciation = positive trade balance.</p>
<p>Can someone explain what Open Market Operations are, and how they affect the economy (interest rates) and which parts of OMOs are contractionary and which are expansionary? THANKS</p>
<p>Does anyone think the 1995 ap economics exams are good indicators of what the test will be like tomorrow? They seemed pretty straight forward so I am trying to see where I am at for the test tomorrow</p>
<p>lol^^</p>
<p>15-year gap… hmmm… i wouldn’t trust it</p>
<p>Anyone know the multiplier and calculations for the exam?
Like stats is:
(MC-.25<em>wrong)</em>1.25
and then each of the FR have a multiplier and stuff</p>
<p>born4soccer09145: OMOs are a form of the Fed’s “Monetary Policy toolkit.” They (The Federal Reserve, or Fed) can buy or sell government securities/bonds. Obviously, they buy and sell with actual money, as opposed to bonds, which are more or less IOUs from the Fed.</p>
<p>Buying bonds from the public involves giving the public money and receiving bonds. This grows the money supply and is a way of pursuing expansionary monetary policy. It shifts the money supply right and lowers interest rates.</p>
<p>Selling bonds involves giving the public bonds and taking money from it. This is a part of contractionary monetary policy, as it shifts the money supply left. This will raise interest rates.</p>
<p>Hope this helps.</p>
<p>@Ccesssu haha i was so into macroeconomics that i thought u were asking about the calculation for the mutiplier effect >.></p>
<p>What is the usual curve on the macro/micro exams? I.e. how many questions on the MC can I miss and still expect a 5? (assuming that I answered all of them)</p>
<p>I think a 50/60 raw score is usually on the lower end for a 5 assuming that you score around 21-24/30 on the FRQ.</p>
<p>ive seen it somewhere that said that to get a 5 u need like 80% or higher</p>
<p>wat is the rate between banks called that banks loan each other over night</p>
<p>Federal Funds Rate</p>
<p>Thank You 10char</p>