to the bank is an asset of the bank. For this reason, try to find out the questions true meaning. On the AP Macro exam, you will have to interpret a wide variety of economic graphs on the multiple-choice section and draw them during the free-response section. If this is the case, label your answers as (a (b (c etc. The long FRQ will almost always require an AD/AS diagram. Check out AP Macroeconomics Apps. This 60 minutes includes a 10-minute mandatory reading/planning period. You can interpret the price index as the current price level as a percentage of the level in the base year. Both come with a huge amount of multiple-choice questions, answer keys, explanations, and exam tips and strategies.
Seasonal Unemployment Unemployment caused by seasonal changes in the demand for certain kinds of labor Structural Unemployment Unemployment of workers whose skills are not demanded by employers, who lack sufficient skill to obtain employment, or who cannot easily move to locations where jobs are available. The trend was the bigger, the better and the relative low cost of fuel helped to fuel the production lines at the auto manufacturing plants.
Nonmarket transactions, household work or do-it-yourself jobs are missed by i am a tree essay in urdu GDP accounting. There should always be labels on your graphs. Assumed to be fixed at a given point in time. Learning to budget your time on the AP Macro exam can mean the difference between a score of 3 and a score. This is not related to the interest rate, but increases as nominal GDP increases Asset Demand The amount of money demanded as an asset. Some questions in the free-response section require graphical analysis. Make sure you know how to correctly label, draw, and analyze each of these graphs: Production Possibilities Curve Supply and Demand Loanable Funds Market Money Market Foreign Exchange Market Aggregate Supply and Demand Phillips Curve Investment Demand Domestic/World Tariff. Its also important to realize that each individual part is awarded credit independently, so you should, at least, attempt every part. You will have 70 minutes to answer 60 multiple-choice questions. Foreign Exchange Rates: the foreign exchange rates are determined through the Oil and gold reserves and based on the import of the certain products.