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ap10_macroeconomics_form_b_q1

ap10_macroeconomics_form_b_q1 - AP MACROECONOMICS 2010...

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AP ® MACROECONOMICS 2010 SCORING GUIDELINES (Form B) © 2010 The College Board. Visit the College Board on the Web: www.collegeboard.com. Question 1 10 Points (2 + 2 + 2 + 2 + 2) (a) 2 points: One point is earned for a correctly labeled AD/AS graph with vertical LRAS at Y F . One point is earned for showing equilibrium output and price level to the left of Y F . (b) 2 points: One point is earned for showing a rightward shift of the AD curve. One point is earned for showing the new equilibrium output and price level. (c) 2 points: One point is earned for a correctly labeled graph of the short-run Phillips curve. One point is earned for correctly labeling points A and B on the SRPC that indicate a leftward movement along the SRPC. (d) 2 points: One point is earned for stating that the real interest rate will rise. One point is earned for the explanation that government borrowing increases the demand for loanable funds.
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AP ® MACROECONOMICS 2010 SCORING GUIDELINES (Form B) © 2010 The College Board.
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