2024 Macroeconomics FRQ Set 2 Unboxing - Answers! (Best Guess)

Here is a quick, low edit, video covering my best guesses as to what the answers to the 2024 Macroeconomics Set 2 FRQ will be when the rubrics are officially released.

or

Note: AP©, Advanced Placement Program©, and College Board© are registered trademarks of the College Board, which was not involved in the production of, and does not endorse, this material.

[slifer]

Thank you so much Mr. Reed for carrying me this entire year. I have spent countless midnights watching your videos, and because of you, I think I have a 5 on this one. Thank you so much, sir.

[kaya]

mr reed you helped me so much this year and i want to thank you for all your efforts!!

[chloes]

I think I got a 4 (or maybe a low five if I did really well on mcqs) thanks to you!!! you got me thru econ this year!! ❤️

[StacyMcCabe]

For FRQ 3 I thought about gdp increases causing inflation which causes a countries currency to depreciate which causes net exports to rise which causes the supply to shift left

[elevenyang]

3b I feel like because it emphasized real output so much, I said that an increase in production would fulfill domestic demands so that imports would decrease, which would increase net export overall.

[leynale]

MR. REED YOU’RE MY LIFE SAVIORRRR
I think I got most of these right since I learned only from the best econ teacher :^]

[satopika]

DAMN I think I basically got everything right, thank you so much for your unit review videos, really helped me throughout the year

[someguy]

For 3b i said exports will increase;
will i get consistency points for saying supply decreases in 3c and cfa moves towards deficit in 3d

[izzyp]

This is probably not what they wanted us to do for 2c but would I get points if I used the CPI to calculate inflation which got a different result than the GDP deflator? Thanks so much for the video and all your help this year!!!

[snailsbo]

For the AD/AS I shifted both the AD and AS to the left because during self adjustment AS moved back to the right so I thought that was correct. Will I get points off for this?

[isabellechen]

for frq 3 if net exports decrease wouldnt that make the currency appreciate, so the supply of JMD would move to the left?

[SJMusic]

For the first question with the ample reserves. Will reducing the discount rate also work? I only shifted the upper bound because of that

[edwinlee]

What if students use cpi fixed basket quantity of year 1 to find inflation and get 10% inflation rate on Q2c? Will it be marked as wrong?

[汪楠旭]

I thought the increase in real output meant an increase in exports because of the increase in production. Is this the correct way to think about it?

[thebluefyrephoenix]

I had no clue about what reserve markets were. I was able to use context to understand, but the demand curve I drew was wrong.

[benjaminj]

I used CPI to calculate inflation and got a different number but I am sure it is correct way, is that fine?

[oofplux]

are you sure net exports decrease? the question asks solely based off the change in real output, it doesnt ask you to make any connections to national income etc etc...

[justinli]

for 3b did I have to include that real output is same as income since I only wrote real output increasing causes imports to increase

[xlunarjet]

Do you get partial credit for getting the right answer but not explaining it when needed to?

[МарияЗиновкина-су]

With high inflation interest rates also rise?