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ap09_macroeconomics_form_b_q1

ap09_macroeconomics_form_b_q1 - AP MACROECONOMICS 2009...

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AP ® MACROECONOMICS 2009 SCORING GUIDELINES (Form B) © 2009 The College Board. All rights reserved. Visit the College Board on the Web: www.collegeboard.com. Question 1 9 points (2 + 4 + 3) (a) 2 points: One point is earned for the correctly labeled graph with vertical LRAS curve. One point is earned for the current equilibrium output, Y C , and price level, PL C , identified to the left of the LRAS curve. (b) 4 points: (i) 2 points: One point is earned for stating that aggregate demand increases. One point is earned for explaining that the decrease in taxes raises disposable income and increases consumption spending. (ii) 2 points: One point is earned for a correctly labeled graph of the Phillips curve. One point is earned for the correct initial and current positions.
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AP ® MACROECONOMICS 2009 SCORING GUIDELINES (Form B) © 2009 The College Board. All rights reserved. Visit the College Board on the Web: www.collegeboard.com.
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