By Eric Dodge
For the a couple of million scholars taking the AP assessments every one year
* Boxed prices delivering suggestion from scholars who've aced the assessments and from AP academics and faculty professors * pattern checks that heavily simulate actual tests * evaluate fabric in response to the contents of the newest assessments * Icons highlighting vital evidence, vocabulary, and regularly requested questions * web pages and hyperlinks to helpful on-line try out assets, besides writer email addresses for college kids with follow-up questions * Authors who're both AP direction teachers or examination builders
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Additional info for 5 Steps to a 5 AP Microeconomics and Macroeconomics
Abbreviations are your friends. You can save time by using commonly accepted abbreviations for economic variables and graphical curves and you will get more adept at their use as your mastery improves. ” GETTING STARTED: THE DIAGNOSTIC EXAMS 2 Because you are studying for two exams, I have written a diagnostic exam for both microeconomics and macroeconomics. These are each half the length of the real thing and are restricted to multiple-choice questions. They are intended to give you an idea of where you stand with your economics preparation.
No change No change No change C. Increase Decrease No change D. Increase No change Increase E. Decrease No change Decrease 10. An increase in investor optimism will have which of the following effects in the market for loanable funds? A. An increase in supply, lowering the interest rate. B. A decrease in demand, increasing the interest rate. C. An increase in both supply and demand, and an ambiguous change in interest rates. D. A decrease in supply, decreasing the interest rate. E. An increase in demand, increasing the interest rate.
C. D. the reserve ratio is increased. the checking deposits increase. the discount rate is increased. the Fed sells Treasury securities to commercial banks. E. income tax rates increase. What You Need to Know About the AP Economics Exams • 31 C. S. copper to fall. D. S. in goods and services. E. The dollar to depreciate relative to the currencies of other copper-producing nations. 26. If a bank has $1000 in checking deposits and the bank is required to reserve $250, what is the reserve ratio? How much does the bank have in excess reserves?
5 Steps to a 5 AP Microeconomics and Macroeconomics by Eric Dodge