<p>“anw, for micro, question 2, is MP curve gonna change ?”</p>
<p>I put that MP stays the same, but MRP decreases. I’m curious if this is correct as well.</p>
<p>For Micro #3, is the quantity Q2 or Q1? And what was the comsumer surplus and deadweight loss after taxes?</p>
<p>^ gingerbreadman: totally agree. i certainly hope the curve was generous. even the review books had practice tests that were wayyyyyyyyy easier. i used 3: princetons’ barron’s and 5 steps to 5. i still thought the mc was hard. and the FRQ were way harder than past exams FRQ’s. Except the first question. that one was nice.</p>
<p>I just got back from the Micro test. That was a beast! Hopefully I get the 3 I want. I think I can make it.</p>
<p>For Macro, if Nominal GDP goes up, does that mean Real GDP and/or price level went up?</p>
<p>For macro, was the 5.1/6 question’s answer that GDP is greater than Y2?</p>
<p>Also, national deficit = sum of past surpluses/deficits, etc?</p>
<p>What was the answer to the question about balanced budget multiplier?</p>
<p>Anybody know if there’s a even a slight chance left for me to get a 5 if I get the graph of question 1 wrong? My AD shifted the other way!</p>
<p>LightSource, NGDP = RGDP + expected inflation, so your answer is correct.</p>
<p>^guys, discussing FRQs are somehwat okay, but M/Cs should never be discussed, you know the rule.</p>
<p>1a1 - yeah the debt is the summation of all the previous deficits and surpluses 
Lightsource - real int rate = nom int rate - inflation, so if nom int rate goes up, yes, that means real and/or inflation must go up as well - i’m pretty sure they weren’t asking for gdp
i don’t remember anything on the test covering the balanced budget multiplier… oops?</p>
<p>how about my questions: FR Macro Q3, will value of US dollars appreciate or something?</p>
<p>Value of the peso depreciates when the US withdraws its supply of money in the international market. A supply withdrawal of currency parallels an appreciation of the same currency, ceteris peribus. But that’s not what the question asked, anyway… It asks for the other currency.</p>
<p>–Frankeinsteinz: yeah i believe so. decreased US investment in Argentina means there would be less USD offered to exchange for Peso. So supply decreases and dollar appreciates.</p>
<p>The dollar appreciates but the question I think wanted you to say the Peso Depreciated</p>
<p>I thought the Macro exam was ridiculously easy. MC wasnt bad, maybe skipped ~4-6. FRQ I knew everything cept the bond prices though I had a pretty good hunch what it was. </p>
<p>Now, my micro exam on the other hand…</p>
<p>^ugh I’m pretty sure It asked to draw the graph of USD currency exchange market.
Question 2 (b)</p>
<p>^I might be mixing up the problems lol. I had to take Micro and Macro today and I had 8 exams during the past two weeks so my brain is mush lol. </p>
<p>I dont remember what the questions were really but I was sure theyre right. #2 was the money market graph right?</p>
<p>Yeah! For that one, I drew the graph with the Supply and Demand of US dollars… but it asked for the foreign market, so should i have drawn a graph of the supply and demand of pesos? At the end, I quickly scribbled that graph (accurately, showing the demand decrease) and drew an arrow to part b. So essentially I drew both graphs. I don’t know if they’ll give me that point since I drew both, and not just the one they asked for. D:</p>
<p>supply and demand of US dollahs. supply decreases.</p>
<p>woot, think I did well on FR
for the last micro question (about surpluses/dw on that firm graph), what was the new equilibrium point after the tax? Was it q1, highest price?</p>
<p>Oh, crap. I thought it meant “US investments” in Argentina, or Argentinian investments of US financial asset. Nooooooooooooooooooooooo</p>
<p>question 3 part b I think, just draw graph of US dollars foreign exchange market
part c which it asks you peso things (about inflation) then use FEM of pesos,
BTW, can anyone explain for me macro FR, question 2: what happen to bond prices</p>
<p>ehhhhhhhhhhh</p>