2024 Ap macro frq answers

2019 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 questions. . Brooklyn college academic calendar spring 2024

AP Macroeconomics Samples and Commentary from the 2019 Exam Administration: Free-Response Question 1 - Set 1 Author: College Board Subject: 2019 AP Exam Administration: Student Samples & Commentary KeywordsQ3 Sample B Page 1 of 1. Q3 Sample C Page 1 of 1. AP. Macroeconomics 2022 Scoring Commentary. Question 3. Note: Student samples are quoted verbatim and may contain spelling and grammatical errors. Overview. The question examined students’ understanding of the foreign exchange market and how changes in the real interest rate affect financial ...You will only earn credit for what you write in the separate Free Response booklet. 1. The economy of Northland is in short-run equilibrium with an actual unemployment rate of 7% and an actual inflation rate of 1%. The natural unemployment rate in Northland is 5%. Using the relevant numerical values given, draw a correctly labeled graph of the ...Productivity has been a focal point for many enterprise businesses since before the pandemic hit, and even more so since its onset. But Macro founders Ankith Harathi and John Keck ...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.Bank balance sheet free response question. Google Classroom. About. Transcript. In this video, Sal walks through how to solve question 2 of the 2016 AP Macroeconomics exam. Topics include analyzing reserve requirements, determining the …AP classes prepare learners to take tests on college-level knowledge in 38 subjects. Students can take AP classes in 38 areas, including English. Updated March 21, 2023 • 5 min rea...AP Macroeconomics Scoring Guidelines, 2016 Author: The College Board Subject: AP Macroeconomics Keywords: AP Macroeconomics, Scoring Guidelines, 2016 exam, …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 Scoring Guidelines, 2016 Author: The College Board Subject: AP Macroeconomics Keywords: AP Macroeconomics, Scoring Guidelines, 2016 exam, …2013 AP Macro AK ... Answer Key for AP Macroeconomics Practice Exam ... B Free-Response Scoring Guidelines The following contains the scoring guidelines for the ...AP® MACROECONOMICS 2014 SCORING GUIDELINES. MD. QUANTITY OF MONEY. 2014 Th e Colleg Board. Visit the College Board on the Web: www.collegeboard.org. …2022 AP Exam Administration Scoring Guidelines - AP Macroeconomics $Set 1$ Author: College Board Subject: AP; Advanced Placement; ADA Keywords "2022 AP Exam Administration; Scoring Guidelines; scoring information; scoring resources; exam information; exam resources; exam materials; teacher resources; "; Created Date: 12/26/2022 9:40:54 AMAP® Macroeconomics Scoring Guidelines Set 2 Author: College Board Subject: Advanced Placement; AP; Keywords: 2021 ; AP Exam Administration ; Scoring Guidelines; scoring information; free-response scoring criteria; scoring resources; FRQ; teacher resources; exam information; ADA Created Date: 12/22/2022 3:46:22 PMOct 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 ...Here is a quick, low edit, video covering my best guesses as to what the answers to the 2023 Macroeconomics Set 2 FRQ will be when the rubrics are officially...WESTERN ASSET MACRO OPPORTUNITIES FUND CLASS IS- Performance charts including intraday, historical charts and prices and keydata. Indices Commodities Currencies StocksASTOR MACRO ALTERNATIVE FUND CLASS A- Performance charts including intraday, historical charts and prices and keydata. Indices Commodities Currencies Stocks AP Central is the official online home for the AP Program: apcentral.collegeboard.org. MACROECONOMICS. Section II Planning Time—10 minutes Writing Time—50 minutes. Directions: You have 10 minutes to read all of the questions in this booklet, to sketch graphs, to make notes, and to plan your 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). AP ® Macroeconomics 2022 Free-Response Questions . 1. Assume a country’s economy is operating below full employment. (a) Draw a correctly labeled graph of aggregate demand, short-run aggregate supply, and long-run aggregate supply, and show each of the following. (i) The current equilibrium real output and price level, labeled as Y1 and PL. 1AP® Macroeconomics 2008 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 5,400 schools, colleges, universities, and other educational organizations.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.Aug 31, 2018 ... In this video, Sal walks through how to solve question 2 of the 2016 AP Macroeconomics exam. Topics include analyzing reserve requirements ...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 ...AP Macroeconomics Scoring Guidelines, 2016 Author: The College Board Subject: AP Macroeconomics Keywords: AP Macroeconomics, Scoring Guidelines, 2016 exam, …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 …About the Exam. 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; explain given economic outcomes; determine outcomes of specific economic situations; and model economic situations using graphs or visual representations.Nov 6, 2019 ... Share your videos with friends, family, and the world.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.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...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... 1. Assume that the economy of Meekland is in a long-run equilibrium with a balanced government budget. (a) Using a correctly labeled graph of aggregate supply and aggregate demand, show each of the following. (i) Long-run aggregate supply. (ii) The output level, labeled YE, and the price level, labeled PL E. (b) Assume consumer confidence falls. 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.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 2003 Scoring Guidelines. 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 ... 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 2021 Free-Response Questions . MACROECONOMICS . SECTION II Total Time—1 hour Reading Period—10 minutes . Writing Period—50 minutes . 3 Questions . 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 …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 …Mar 22, 2022 ... Note that I made a mistake on part (b)(ii) because the question asked how much the demand deposits CHANGED not how much the bank had in ...AP Microeconomics Exam. Regularly Scheduled Exam Date: Friday morning, May 18, 2018 Late-Testing Exam Date: Wednesday morning, May 23, 2018 Section I Total Time: 1 hour and 10 minutes Calculator not permitted Number of Questions: 60 (The number of questions may vary slightly depending on the form of the exam.)AP Microeconomics Exam. Regularly Scheduled Exam Date: Friday morning, May 18, 2018 Late-Testing Exam Date: Wednesday morning, May 23, 2018 Section I Total Time: 1 hour and 10 minutes Calculator not permitted Number of Questions: 60 (The number of questions may vary slightly depending on the form of the exam.)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. Assume that the economy of Meekland is in a long-run equilibrium with a balanced government budget. (a) Using a correctly labeled graph of aggregate supply and aggregate demand, show each of the following. (i) Long-run aggregate supply. (ii) The output level, labeled YE, and the price level, labeled PL E. (b) Assume consumer confidence falls.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 ...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 ...AP Microeconomics Exam. Regularly Scheduled Exam Date: Friday morning, May 18, 2018 Late-Testing Exam Date: Wednesday morning, May 23, 2018 Section I Total Time: 1 hour and 10 minutes Calculator not permitted Number of Questions: 60 (The number of questions may vary slightly depending on the form of the exam.)Aug 31, 2018 ... In this video, Sal walks through how to solve question 2 of the 2016 AP Macroeconomics exam. Topics include analyzing reserve requirements ...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 theAP® Macroeconomics Exam. Regularly Scheduled Exam Date: ursday morning, May 16, 2013. Late-Testing Exam Date: Wednesday morning, May 22, 2013. 69. Section I: At a Glance. Total Time: 1 hour, 10 minutes Number of Questions: 60 Percent of Total Score: 66% Writing Instrument: Pencil required. Section I: Multiple Choice Booklet Instructions 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 2022 Free-Response Questions . 1. Assume a country’s economy is operating below full employment. (a) Draw a correctly labeled graph of aggregate demand, short-run aggregate supply, and long-run aggregate supply, and show each of the following. (i) The current equilibrium real output and price level, labeled as Y1 and PL. 1 AP® Macroeconomics 2003 Scoring Guidelines. 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® 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.Free Response Questions. Micro: Macro: ... 2022 set 2 2022 set 2 Answers: return to AP Economics Home page ...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.Here is a quick, low edit, video covering my best guesses as to what the answers to the 2023 Macroeconomics Set 2 FRQ will be when the rubrics are officially... 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: 1 point. One point is earned for stating that the U.S. current account will be in deficit and for explaining that an increase in the U.S. real GDP increases the U.S.’s demand for European goods and services, which increases imports. 2 points. One point is earned for drawing a correctly labeled graph of the foreign exchange market for the euro.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 ...P. SURVEY QUESTIONS — Answer the survey questions in the AP Student Pack. Do not put responses to exam questions in this section. PAGE 2. COMPLETE THIS AREA AT EACH EXAM (IF APPLICABLE). 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.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 questions. You may begin writing your responses before the ...answer in part (c)(i) would affect value of the U.S. dollar relative to the euro. Sample: 2A Score: 5 . The student answers all parts of the question correctly and earned all 5 points. Sample: 2B Score: 3 . The student did not earn 1 point in part (c)(i) because the response incorrectly states that the demand for U.S. dollars increases.answer in part (c)(i) would affect value of the U.S. dollar relative to the euro. Sample: 2A Score: 5 . The student answers all parts of the question correctly and earned all 5 points. Sample: 2B Score: 3 . The student did not earn 1 point in part (c)(i) because the response incorrectly states that the demand for U.S. dollars increases.AP ® Macroeconomics 2021 Free-Response Questions . MACROECONOMICS . SECTION II Total Time—1 hour Reading Period—10 minutes . Writing Period—50 minutes . 3 Questions . 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 …How can you properly frame a shot when the lens keeps changing? Has this happened to you? You turn on your iPhone’s camera to take a photo, only to see something strange: Your phon...Based on an AP fact-check of last night's democratic debate, here are the big money flashes that were made by the presidential candidates. By clicking "TRY IT", I agree to receive ...Sample AP Macroeconomics Free-Response Questions . Here are two examples of the types of free-response questions you'll see on the AP Macro exam. For each question, we'll go through the answers so you can see exactly how points are earned. All sample questions come from the 2019 AP Macroeconomics exam. Long Free-Response QuestionVisit College Board on the web: collegeboard.org. AP® Macroeconomics 2023 Scoring Commentary. Question 2 (continued) Sample: 2C. Score: 2. The response did not earn the point in part (a) because it does not explain that net exports will decrease because the increased demand for goods from South Africa will increase United States imports. The ...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... 7. (2 + 2 + 1 + 2) (a) 2 points: One point is earned for determining the total change in reserves: $50 million. One point is earned for calculating the maximum possible change in the money supply: 10 × $50 = $500 million. (b) 2 points: One point is earned for a correctly labeled graph of the money market. Here is a quick, low edit, video covering my best guesses as to what the answers to the 2023 Macroeconomics Set 2 FRQ will be when the rubrics are officially...AP® MACROECONOMICS 2012 SCORING GUIDELINES. Question 1 (continued) (c) 4 points: One point is earned for stating that the current account deficit will increase. One point is earned for explaining that the increase in real GDP increases income, which causes. imports to increase and net exports to decrease.2012 The College Board. Visit the College Board on the Web: www.collegeboard.org. GO ON TO THE NEXT PAGE. -2-. 2012 AP® MACROECONOMICS FREE-RESPONSE QUESTIONS. 2. The following is a simplified balance sheet for Mi Tierra Bank in the United States. Mi Tierra Bank. Assets. Liabilities.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.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 ... 2019 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 questions. Here is a quick, low edit, video covering my best guesses as to what the answers to the 2023 Microeconomics Set 2 FRQ will be when the rubrics are officially...JHANCOCK DIVERSIFIED MACRO FUND CLASS A- Performance charts including intraday, historical charts and prices and keydata. Indices Commodities Currencies Stocks1 point. One point is earned for stating that the U.S. current account will be in deficit and for explaining that an increase in the U.S. real GDP increases the U.S.’s demand for European goods and services, which increases imports. 2 points. One point is earned for drawing a correctly labeled graph of the foreign exchange market for the euro.Here is a quick, low edit, video covering my best guesses as to what the answers to the 2023 Macroeconomics Set 2 FRQ will be when the rubrics are officially...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 ...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]. Expand All.1. Assume that the United States economy is currently in equilibrium at the full-employment level of real gross domestic product. (a) Draw a correctly labeled graph of aggregate demand and aggregate supply showing each of the following in the United States. (i) Output level (ii) Price level (b) Japan is a major importer of United States products.AP® Macroeconomics 2008 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 5,400 schools, colleges, universities, and other educational organizations.

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 .... Hobby center harry potter

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 2008 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 5,400 schools, colleges, universities, and otherThis PDF practice test includes 60 questions along with an answer key. Covers a lot of important concepts. Mankiw Textbook Quizzes. AP Macro multiple choice questions for …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.AP® Macroeconomics 2006 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 5,000 schools, colleges, universities, and other educational organizations.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.The natural rate of unemployment is 5%, the frictional rate of unemployment is 4%, and the actual rate of unemployment is 7%. (a) What is the numerical value of the cyclical rate of unemployment in Flowerland? (b) Assume the foreign demand for lavender oil produced in Flowerland increases. Use a pen with black or dark blue ink. 1. Assume the United States economy is in recession. Draw a correctly labeled graph of the long-run aggregate supply, short-run aggregate supply, and aggregate demand curves, and show each of the following. Now assume the euro zone, a major trading partner of the United States, enters into a recession. Real AP Past Papers with Multiple-Choice Questions. 1. Assume the economy is operating in long-run equilibrium at the full-employment level of output. (a) Draw a correctly labeled aggregate demand and aggregate supply graph that represents this scenario. (b) Suppose the economy experiences a change in consumer spending due to a sharp increase ...1. Assume that the United States economy is currently operating below the full-employment level of real gross domestic product with a balanced budget. (a) Draw a correctly labeled graph of aggregate demand, short-run aggregate supply, and long-run aggregate supply, and show each of the following in the United States. (i) Current output and ...The following provides a scoring worksheet and conversion table used for calculating a composite score of the exam. 2017 AP Macroeconomics Scoring Worksheet. Section I: Multiple Choice. × 1.0000 = Number Correct Weighted Section I Score (out of 60) (Do not round) Section II: Free Response. Question 1. 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. Macroeconomics Practice Exam From the 2013 Administration This Practice Exam is provided by the College Board for AP Exam preparation. Teachers are permitted to download the materials and make copies to use with their students in a classr oom setting only. To maintain the security of this exam, teachers should collect all materials after …1. Assume that the United States economy is currently operating below the full-employment level of real gross domestic product with a balanced budget. (a) Draw a correctly labeled graph of aggregate demand, short-run aggregate supply, and long-run aggregate supply, and show each of the following in the United States. (i) Current output and ... 7. (2 + 2 + 1 + 2) (a) 2 points: One point is earned for determining the total change in reserves: $50 million. One point is earned for calculating the maximum possible change in the money supply: 10 × $50 = $500 million. (b) 2 points: One point is earned for a correctly labeled graph of the money market. 2012 The College Board. Visit the College Board on the Web: www.collegeboard.org. GO ON TO THE NEXT PAGE. -2-. 2012 AP® MACROECONOMICS FREE-RESPONSE QUESTIONS. 2. The following is a simplified balance sheet for Mi Tierra Bank in the United States. Mi Tierra Bank. Assets. Liabilities..

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