Ap macro frq answers

All the resources that you need to succeed on the AP Macro FRQ section. ... Includes every AP Macro free response question from 1999 to 2018. Also includes scoring guidelines and sample essays. How to Answer Macro Question 1. This excellent video from Jason Welker provides a detailed walk through on answering your long FRQ.

Ap macro frq answers. AP ® Macroeconomics Exam SECTION II: Free Response, Questions DO NOT OPEN THIS BOOKLET UNTIL YOU ARE TOLD TO DO SO. At a Glance Total Time 1 hour Number of Questions 3 Percent of Total Score 33% Writing Instrument Pen with black or dark blue ink Electronic Device None allowed Reading Period Time 10 minutes. Use this …

2018 AP ® MACROECONOMICS FREE-RESPONSE QUESTIONS MACROECONOMICS Section II Total Time—1 hour . Reading Period— 10 minutes . Writing Period— 50 minutes . Directions: You are advised to spend the first 10 minutes reading all of the questions and planning your answers. You will then have 50 minutes to answer all three of the following ...

Microsoft (MSFT) faces macro chart issues with its earnings on the horizon, writes technical analyst Bruce Kamich, who says the technical signals of the software giant indicate tha...1. Assume that a country’s economy is currently at equilibrium along an upward-sloping short-run aggregate supply curve. Suppose that the country’s central bank conducts an open-market sale of government bonds. Using a correctly labeled graph of the money market, show how the open-market sale of bonds will affect each of the following.AP® MACROECONOMICS 2007 SCORING GUIDELINES Question 1 12 Points (3 + 3 + 2 + 3 +1) (a) 3 points: • One point is earned for a correctly labeled graph of the money market. • One point is earned for showing a rightward shift of the money demand curve. • One point is earned for the conclusion that the interest rate rises . (b) 3 points:Here is a quick, low edit, video covering my best guesses as to what the answers to the 2023 Macroeconomics Set 1 FRQ will be when the rubrics are officially...AP® Macroeconomics 2007 Free-Response Questions The College Board: ... Directions: You have 50 minutes to answer all three of the following questions. It is suggested that you spend ... AP Keywords: ap07_macroeconomics_frq Created Date: 4/10/2007 8:50:31 AM ...Oct 25, 2021 ... This video explains the rubric for 2016 AP Macro FRQ question #2. This video is made for 1st year college students or AP/IB Economics ...answer all parts of the question correctly and earned all because of supply ( will increase due to an increase in capital stock formation. AP ® MACROECONOMICS 2018 SCORING COMMENTARY . Question 2 . Overview . The question examined students’ knowledge and understanding of the impact of a change in tax policy on theScoring Guidelines: 13 points (3+1+3+2+1+3) (a) 3 points: - AD/AS graph with full-employment output shown. - showing below full-employment equilibrium. - current price level and output. Question 1 (cont’d.) (b) 1 point: for identifying correct monetary policy: buy bonds. (c) 3 points: - correct graph of the money market.

Begin your response to this question at the top of a new page in the separate Free Response booklet and fill in the appropriate circle at the top of each page to indicate the question number. 2. An economy is currently in short-run equilibrium with a recessionary output gap of billion. $600. (a) Draw a single correctly labeled graph with both ... AP Central is the official online home for the AP Program: apcentral.collegeboard.com. 10 Points (2 + 2 + 2 + 2 + 2) 2 points: One point is earned for a correctly labeled graph with a downward-sloping AD curve, an upward-sloping SRAS curve, and the points PLE and YE on the vertical and horizontal axes. One point is earned for showing a vertical ... Question criteria for my AP Bio homies Learn with flashcards, games, ... AP Biology AP Classroom Unit 7 FRQ. 10 terms. Sivinity. Preview. AP BIO UNIT 6 FRQ. 8 terms. abbyconsiglio134. Preview. Bio Midterm 3. 90 terms. DogemasterX. Preview. Biochem Final Exam . 22 terms. katylsloan08. Preview. MCB 150 Exam 2.AP Macroeconomics 2000 Scoring Guidelines. The materials included in these files are intended for non-commercial use by AP teachers for course and exam preparation; permission for any other use must be sought from the Advanced Placement Program. Teachers may reproduce them, in whole or in part, in limited quantities, for face-to-face …You will only earn credit for what you write in the separate Free Response booklet. 1. Assume the United States economy is in short-run macroeconomic equilibrium at an output level greater than potential output. Draw a correctly labeled graph of the aggregate demand, short-run aggregate supply, and long-run aggregate supply curves, and show ...1. AP. Microeconomics 2022 Free-Response Questions. Sugar is produced in a perfectly competitive market using inputs from perfectly competitive factor markets. Frank Sugar Co. is a representative firm in the sugar market. (a) Assume Frank Sugar Co. is earning zero economic profit.Monday Reversal, Powell on the Hill, Macro Watch, Trading Lockheed and Northrop: Market Recon...ACI At the time of publication, Guilfoyle was long LMT, NOC equity. Just as it was i...

Use a pen with black or dark blue ink. 1. Assume that the United States economy is currently in long-run equilibrium. (a) Draw a correctly labeled graph of aggregate demand and aggregate supply and show each of the following. The long-run aggregate supply curve. (ii) The current equilibrium output and price levels, labeled as Y and PL.AP® Macroeconomics 2003 Scoring Guidelines Form B. The materials included in these files are intended for use by AP teachers for course and exam preparation; permission for any other use must be sought from the Advanced Placement Program®. Teachers may reproduce them, in whole or in part, in limited quantities for noncommercial, face-to-face ...AP Central is the official online home for the AP Program: apcentral.collegeboard.com. 12 points (4 + 4 + 2 + 2) (a) 4 points: One point is earned for a correctly labeled graph. One point is earned for showing a rightward shift in New Zealand’s AD curve. One point is earned for the explanation that New Zealand’s exports to Australia increase.If your app doesn't have this feature, you can create it yourself. If you’re tracking what you eat, most items are easy enough: You either search for what it is (for example, four ...

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You will only earn credit for what you write in the separate Free Response booklet. 1. Assume the United States economy is in short-run macroeconomic equilibrium at an output level greater than potential output. Draw a correctly labeled graph of the aggregate demand, short-run aggregate supply, and long-run aggregate supply curves, and show ... Use a pen with black or dark blue ink. 1. Assume that the country of Rankinland is currently in recession. (a) Assume that Rankinland produces only food and clothing. Draw a correctly labeled production possibilities curve for Rankinland. Show a point that could represent the current output combination and label it A. The College Board is a mission-driven not-for-profit organization that connects students to college success and opportunity. Founded in 1900, the College Board was created to expand access to higher education. Today, the membership association is made up of over 6,000 of the world’s leading educational institutions and is dedicated to ...AP® Macroeconomics 2009 Scoring Guidelines Form B The College Board The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,600 schools, colleges, universities and other educational organizations.Smartphone cameras are better than ever, and while they can take some pretty solid pictures, you can really get some fun shots with a DIY macro lens. Here's how to put a macro lens...12 Points. (2 + 6 + 4) 2 points: One point is earned for a correctly labeled graph of the production possibilities curve (PPC). One point is earned for showing point A inside the PPC. 6 points: One point is earned for identifying the buying of bonds as the correct open-market operation to use. One point is earned for drawing a correctly labeled ...

AP® Macroeconomics 2009 Scoring Guidelines Form B The College Board The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,600 schools, colleges, universities and other educational organizations.Oct 25, 2021 ... This video explains the rubric for 2016 AP Macro FRQ question #2. This video is made for 1st year college students or AP/IB Economics ...x axis: interest rate. y axis: q of loanable funds. s increases to s2. what causes a inflationary gap between liquidity and loanable graphs. 1. decrease discount rate (FFR) 2. omo buy bonds. 3. decrease rr. Study with Quizlet and memorize flashcards containing terms like assume the reserve ratio is 10 percent.1. AP. Microeconomics 2022 Free-Response Questions. Sugar is produced in a perfectly competitive market using inputs from perfectly competitive factor markets. Frank Sugar Co. is a representative firm in the sugar market. (a) Assume Frank Sugar Co. is earning zero economic profit.This walkthrough video from Jacob Clifford shows how to answer the first FRQ on the 2017 AP Exam. Explanation for 2016 FRQ This Khan Academy video shows how to answer free response question 2 from the 2016 exam.AP Macroeconomics FRQ Practice. Ready to practice for you next free response exam? ReviewEcon.com has you covered! Below are some of my favorite Free Response Questions from past AP Macroeconomics Exams. Click on the question, try it out, then watch the review video to walk you through it! If you have any questions, ask them in the video comments.Download free-response questions from past exams along with scoring guidelines, sample responses from exam takers, and scoring distributions. If you are using assistive technology and need help accessing these PDFs in another format, contact Services for Students with Disabilities at 212-713-8333 or by email at [email protected]. The ... AP. MACROECONOMICS 2017 SCORING GUIDELINES. 6. (2 + 2 +1 + 1) (a) 2 points: • One point is earned for drawing a correctly labeled graph of the money market. • One point is earned for showing a leftward shift in the money demand curve, resulting in a lower nominal interest rate. (b) 2 points: • One point is earned for stating that the ... To do this, we must use the simple spending multiplier. To solve for this change. From the information in the problem, we know that the MPC = 0.8, and since MPC + MPS = 1, MPS = 0.2. From here, we can find the simple spending multiplier by using the formula SSM = 1/1-MPC = 1/MPS = 1/0.2 = 5. Now, because we know that ΔGDP = SSM * ΔSpending ...AP Classroom is a free and flexible online platform that provides instructional resources for each AP course to support student learning of all course content and skills. AP Classroom r esources, including AP Daily videos, help your students learn and practice all year. Learn about all instructional resources in AP Classroom. AP. MACROECONOMICS 2017 SCORING GUIDELINES. 6. (2 + 2 +1 + 1) (a) 2 points: • One point is earned for drawing a correctly labeled graph of the money market. • One point is earned for showing a leftward shift in the money demand curve, resulting in a lower nominal interest rate. (b) 2 points: • One point is earned for stating that the ...

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Are humans separate from chimps and other apes? Learn what separates us from chimps. Advertisement Human beings see themselves in everything. We establish emotional connections to ...AP® Macroeconomics 2007 Free-Response Questions The College Board: ... Directions: You have 50 minutes to answer all three of the following questions. It is suggested that you spend ... AP Keywords: ap07_macroeconomics_frq Created Date: 4/10/2007 8:50:31 AM ...Prior Year Questions. Includes every AP Macro free response question from 1999 to 2018. Also includes scoring guidelines and sample essays. How to Answer Macro Question …AP Central is the official online home for the AP Program: apcentral.collegeboard. MACROECONOMICS SECTION II. Total Time—1 hour Reading Period—10 minutes Writing Period—50 minutes 3 …AP Central is the ocial online home for the AP Program: apcentral.collegeboard.org. apcentral.collegeboard.org. collegeboard.org. billion . AP ® Macroeconomics 2022 Scoring Guidelines . Question 1: Long . 10 points (a) Draw a correctly labeled aggregate demand-aggregate supply graph that shows PL:2024 Macro FRQ Predictions; 2024 Micro FRQ Predictions; Teachers. Teacher Resources; Worksheets; URP Bulk Discount; AP Econ Course Changes; ... More. Released AP® Macroeconomics FRQ Topics. Number=FRQ Question (Note: You can search for topics and sort by FRQ or # of questions) *The FRQs given in 2020 and 2021 are unusual due …The AP Macroeconomics course covers the principles of economics that apply to an economic system as a whole. It emphasizes the study of national income, price determination, economic performance measures, economic growth, and international economics. The AP Macro Exam format is: Multiple-Choice : 70 minutes, 66% of exam …2024 Macro FRQ Predictions; 2024 Micro FRQ Predictions; Teachers. Teacher Resources; Worksheets; URP Bulk Discount; AP Econ Course Changes; ... More. Released AP® Macroeconomics FRQ Topics. Number=FRQ Question (Note: You can search for topics and sort by FRQ or # of questions) *The FRQs given in 2020 and 2021 are unusual due …AP® Macroeconomics 2005 Scoring Guidelines. The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 4,700 schools, colleges, universities, and other educational organizations.AP® Macroeconomics 2008 Free-Response Questions Form B ... Directions: You have 50 minutes to answer all three of the following questions. It is suggested that you spend ... AP Keywords: ap08_macro_econ_form_b_frq Created Date: 5/2/2008 2:02:45 PM ...

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AP Central is the official online home for the AP Program: apcentral.collegeboard.com. 11 Points (2 + 2 + 1 + 4 + 2) 2 points: One point is earned for a correctly labeled graph of the short-run Phillips curve (SRPC). One point is earned for showing a vertical long-run Phillips curve (LRPC) and the point A to the right of the LRPC on the SRPC.Exam Skills. Learn all about the AP Macroeconomics exam! Learn how to manage the multiple choice questions (MCQs) and how to write great FRQs. Brush up on exam logistics, types of questions, how to draw graphs, helpful tips, sample questions, and practice prompts, With these useful strategies and practice, you'll be prepared to knock the exam …Score: 8. The response earned the first point in part (a) for drawing a correctly labeled aggregate demand– aggregate supply graph showing PL1 and Y1 at the intersection of AD and SRAS. The response earned the second point in part (a) for correctly showing a vertical LRAS curve to the right of Y1 and labeling the full-employment output as YF.answer all parts of the question correctly and earned all because of supply ( will increase due to an increase in capital stock formation. AP ® MACROECONOMICS 2018 SCORING COMMENTARY . Question 2 . Overview . The question examined students’ knowledge and understanding of the impact of a change in tax policy on the AP Macroeconomics FRQ Practice. Ready to practice for you next free response exam? ReviewEcon.com has you covered! Below are some of my favorite Free Response Questions from past AP Macroeconomics Exams. Click on the question, try it out, then watch the review video to walk you through it! If you have any questions, ask them in the video comments. AP Classroom is a free and flexible online platform that provides instructional resources for each AP course to support student learning of all course content and skills. AP Classroom r esources, including AP Daily videos, help your students learn and practice all year. Learn about all instructional resources in AP Classroom.Close your booklet and put your answer sheet on your desk, faceup. Make sure you have your AP number label and an AP Exam label on page 1 of your answer sheet. Sit quietly while I collect your answer sheets. 2018-19 AP Exam Instructions. AP Economics Exams. AP Economics Exams. 79. 2018-19 AP Exam Instructions. Collect an answer sheet from … GDP falls 2. Labor force participation rate. labor force/population x 100. unemployment rate. number of unemployed/labor force x 100. Full employment. Natural rate of unemployment, number of unemployed equals job vacancies. Study with Quizlet and memorize flashcards containing terms like % change in GDP, CPI, Inflation rate/% change in price ... ….

AP® Macroeconomics 2006 Scoring Guidelines Form B. The College Board: Connecting Students to College Success. The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,000 schools, colleges, universities, and ...1. A firm has a patent on a new carbon-capture technology, making it the only producer of that device. The firm is curently earning a positive economic profit and is producing the profit-maximizing level of output. (a) Draw a correctly labeled graph for the firm and show each of the following. The quantity of carbon-capture devices produced by ...In 2023, the Advanced Placement Macroeconomics exam will feature a Free Response Question (FRQ) that challenges students to apply their knowledge of macroeconomic concepts to real-world scenarios. This FRQ will not only test their understanding of economic principles, but also their ability to analyze and evaluate economic situations …AP® MACROECONOMICS 2019 SCORING GUIDELINES © 2019 The College Board. Visit the College Board on the Web: collegeboard.org. Question 1 (continued) One point is …AP® Macroeconomics 2005 Free-Response Questions The College Board: Connecting Students to College Success The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 4,700 schools, colleges, universities, and other Use a pen with black or dark blue ink. 1. Assume that the country of Rankinland is currently in recession. (a) Assume that Rankinland produces only food and clothing. Draw a correctly labeled production possibilities curve for Rankinland. Show a point that could represent the current output combination and label it A. We appraise goods more highly when their positive attributes are emphasized, even if the details are the same. Just the other day I found myself in the waiting room of an automotiv...AP® Macroeconomics 2006 Scoring Guidelines Form B. The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,000 schools, colleges, universities, and other educational organizations.The College Board is a mission-driven not-for-profit organization that connects students to college success and opportunity. Founded in 1900, the College Board was created to expand access to higher education. Today, the membership association is made up of over 6,000 of the world’s leading educational institutions and is dedicated to ... Ap macro frq answers, Grading Rubric: Point allocations: [1+4+1+1+4=11 points] a) 1 point:Fiscal Policy to reduce unemployment: G up or T down (or increase in Transfer payments) b)1 Point for each of the 4 responses = 4 points 1 point:Correctly labeled AS and AD graph with appropriate slopes (even vertical AS okay for this point)., Study with Quizlet and memorize flashcards containing terms like An economy is operating at a point inside its production possibilities curve (PPC). Which of the following will most likely cause the economy to move toward the current PPC in the short run? A A decrease in government spending B A decrease in inflation C An increase in human capital D An …, AP Macroeconomics 2000 Scoring Guidelines. The materials included in these files are intended for non-commercial use by AP teachers for course and exam preparation; permission for any other use must be sought from the Advanced Placement Program. Teachers may reproduce them, in whole or in part, in limited quantities, for face-to-face …, Use a pen with black or dark blue ink. 1. Assume that the economy of Country X has an actual unemployment rate of 7%, a natural rate of unemployment of 5%, and an inflation rate of 3%. (a) Using the numerical values given above, draw a correctly labeled graph of the short-run and long-run Phillips curves. Label the current short-run equilibrium ... , 5 points. Calculate Country A’s real GDP in 2021 as 44,000, calculate Country A’s real GDP per capita in 2021 as 400, and show your work. Rea l GDP Real GDP per. × =. State that the standard of living for the average person in Country A has stayed the same from 2020 to 2021 and explain that real GDP per capita in Country A did not change ..., AP® Macroeconomics 2007 Free-Response Questions The College Board: ... Directions: You have 50 minutes to answer all three of the following questions. It is suggested that you spend ... AP Keywords: ap07_macroeconomics_frq Created Date: 4/10/2007 8:50:31 AM ..., HowStuffWorks finds out about the health benefits of microgreens. Advertisement Sometimes big things come in small packages, and this is oh-so-true for microgreens, the petite roug..., If you’ve ever experimented with food tracking, you probably know that it’s really easy to track the calories and nutritional macros in a can of chicken noodle soup or a box of cho..., AP® Macroeconomics 2008 Free-Response Questions Form B ... Directions: You have 50 minutes to answer all three of the following questions. It is suggested that you spend ... AP Keywords: ap08_macro_econ_form_b_frq Created Date: 5/2/2008 2:02:45 PM ..., Terms in this set (8) government spending increases. graph one SRPC line have a point for A above the intersection at 5 and above it a point for B. the price of crude oil and most sources of energy decrease. draw a original SRPC graph then draw another one below it showing a shift to point A. inflation expectations rise from 3% to 6%., In 2023, the Advanced Placement Macroeconomics exam will feature a Free Response Question (FRQ) that challenges students to apply their knowledge of macroeconomic concepts to real-world scenarios. This FRQ will not only test their understanding of economic principles, but also their ability to analyze and evaluate economic situations …, answer all parts of the question correctly and earned all because of supply ( will increase due to an increase in capital stock formation. AP ® MACROECONOMICS 2018 SCORING COMMENTARY . Question 2 . Overview . The question examined students’ knowledge and understanding of the impact of a change in tax policy on the, AP® Macroeconomics 2009 Scoring Guidelines . The College Board . The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,600 schools, colleges, universities and other educational organizations., Draw a correctl y labeled aggregate demand–aggregate supply graph that shows PL, AP® Macroeconomics 2009 Scoring Guidelines Form B The College Board The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,600 schools, colleges, universities and other educational organizations., AP Macroeconomics 2000 Scoring Guidelines. The materials included in these files are intended for non-commercial use by AP teachers for course and exam preparation; permission for any other use must be sought from the Advanced Placement Program. Teachers may reproduce them, in whole or in part, in limited quantities, for face-to-face teaching ..., AP® Macroeconomics 2003 Scoring Guidelines Form B. The materials included in these files are intended for use by AP teachers for course and exam preparation; permission for any other use must be sought from the Advanced Placement Program®. Teachers may reproduce them, in whole or in part, in limited quantities for noncommercial, face-to-face ..., Visit the College Board on the Web: www.collegeboard.org. AP Central is the official online home for the AP Program: apcentral.collegeboard.org. 10 points (2+1+2+3+2) 2 points: One point is earned for drawing a correctly labeled graph showing AD, SRAS, Y1 and PL1. One point is earned for drawing a vertical LRAS at Yf to the right of Y1. 1 point:, Score: 8. The response earned the first point in part (a) for drawing a correctly labeled aggregate demand– aggregate supply graph showing PL1 and Y1 at the intersection of AD and SRAS. The response earned the second point in part (a) for correctly showing a vertical LRAS curve to the right of Y1 and labeling the full-employment output as YF. , Use a pen with black or dark blue ink. 1. Assume that the country of Rankinland is currently in recession. (a) Assume that Rankinland produces only food and clothing. Draw a correctly labeled production possibilities curve for Rankinland. Show a point that could represent the current output combination and label it A., Free Response Questions. Micro: Macro: ... 2022 set 2 2022 set 2 Answers: return to AP Economics Home page ... , QUESTIONS 1–75. Indicate your answers to the exam questions in this section (pages 2 and 3). Mark only one response per question. for Questions 1 through 120. If a question has only four answer options, do not mark option E. Answers written in. the multiple-choice booklet will not be scored. COMPLETE MARK., QUESTIONS 1–75. Indicate your answers to the exam questions in this section (pages 2 and 3). Mark only one response per question. for Questions 1 through 120. If a question has only four answer options, do not mark option E. Answers written in. the multiple-choice booklet will not be scored., AP Central is the oficial online home for the AP Program: apcentral.collegeboard.org. AP® Macroeconomics 2022 Scoring Guidelines. Question 2: Short. 5 points. (a) Calculate Country A’s real GDP in 2021 as 44,000, calculate Country A’s real GDP per capita Real GDP. in 2021. as 400, and show your work. Real GDP per Capita × = = =., 2018 AP ® MACROECONOMICS FREE-RESPONSE QUESTIONS MACROECONOMICS Section II Total Time—1 hour . Reading Period— 10 minutes . Writing Period— 50 minutes . Directions: You are advised to spend the first 10 minutes reading all of the questions and planning your answers. You will then have 50 minutes to answer all three of the following ..., The AP Macroeconomics Exam will test your understanding of the economic concepts covered in the course, as well as your ability to define economic principles and models; …, WESTERN ASSET MACRO OPPORTUNITIES FUND CLASS IS- Performance charts including intraday, historical charts and prices and keydata. Indices Commodities Currencies Stocks, AP® Macroeconomics 2007 Free-Response Questions The College Board: ... Directions: You have 50 minutes to answer all three of the following questions. It is suggested that you spend ... AP Keywords: ap07_macroeconomics_frq Created Date: 4/10/2007 8:50:31 AM ..., Use a pen with black or dark blue ink. 1. Assume that the economy of Country X has an actual unemployment rate of 7%, a natural rate of unemployment of 5%, and an inflation rate of 3%. (a) Using the numerical values given above, draw a correctly labeled graph of the short-run and long-run Phillips curves. Label the current short-run equilibrium ..., AP® Macroeconomics 2009 Scoring Guidelines . The College Board . The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,600 schools, colleges, universities and other educational organizations., Bored Apes Yacht Club maker Yuga Labs announced Friday that they have acquired the rights to the CryptoPunks and Meebits NFT collections from creator Larva Labs. Bored Apes and Cry..., 20 free AP macroeconomics practice tests. Over 200 AP macroeconomics practice questions to help you with your AP macroeconomics exam prep., 2010 The College Board. Visit the College Board on the Web: www.collegeboard.com. GO ON TO THE NEXT PAGE. -2-. 2010 AP® MACROECONOMICS FREE-RESPONSE QUESTIONS (Form B) 2. The central bank of the country of Sewell sells bonds on the open market. Assume that banks in Sewell have no excess reserves.