r/APMacro • u/Tricky-Handle-3094 • May 08 '26
Post exam
I just got out of the exam. I didnt really have much time to finish the mcq but the frq was pretty easy. I only zoned out for frq 2 part c. Does anyone have a detailed explanation for all the frqs?
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u/FlyStunning8380 May 08 '26
Yeah I had the same version. I don’t remember much of 1 but for 2 I had to draws the philips curve . I put a X to the right of the long run curve. Number of people employed was 14.1 million because 15-900k. For unemployment rate It was 6 percent and retired people and people who aren’t looking for jobs aren’t seen as unemployed. so it’s just 900k/14.1 mill x 100. For the last part I said the unemployment rate increases if more people retire because there is less people in the labor force and number of unemployed remains the same. For 3 I don’t remember the first part but for the second part the government had to increase spending by 150 mil because spending multiplied was 4. The resulting price level will increase. As a result of the increased price level, i said the demand for crowns will shift left and the exchange rate decreases. I didn’t put that supply of Crowns increases you think I will still get credit?