Download 5 Steps to a 5 AP Microeconomics and Macroeconomics by Eric Dodge PDF

By Eric Dodge

For the multiple million scholars taking the AP checks each one year

Features include:
* Boxed prices providing suggestion from scholars who've aced the checks and from AP lecturers and school professors * pattern exams that heavily simulate actual tests * evaluation fabric in keeping with the contents of the newest exams * Icons highlighting very important evidence, vocabulary, and often requested questions * web pages and hyperlinks to beneficial on-line attempt assets, in addition to writer email addresses for college kids with follow-up questions * Authors who're both AP path teachers or examination builders

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Extra info for 5 Steps to a 5 AP Microeconomics and Macroeconomics

Sample text

S. copper. 29. S. S. exports fall. S. dollars causes the dollar to depreciate. 30. S. S. dollar. Scoring and Interpretation Now that you have completed each Diagnostic Exam and checked your answers, it is time to assess your knowledge and preparation. If you saw some questions that caused you to roll your eyes and mutter “What the . . ” then you can focus your study on those areas. If you breezed through some questions, great! For each of these two exams, calculate your raw score with the formula below.

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? What is the size of the money multiplier? A. B. C. D. E. 25%, $750, M = 1⁄4 75%, $250, M = 4 25%, $750, M = 4 75%, $750, M = 1⁄4 25%, $250, M = 4 27. Suppose the reserve ratio is 10 percent and the Fed buys $1 million in Treasury securities from commercial banks.

Increasing marginal cost as consumption rises. C. Decreasing marginal cost as consumption rises. D. Increasing total utility at an increasing rate as consumption rises. E. The substitution effect is larger than the income effect. A. the total utility from eating cookies is equal to zero. B. the substitution effect outweighs the income effect from eating cookies. C. the ratio of marginal utility divided by total utility is equal to one. D. the marginal utility from eating the next cookie is zero.

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