[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-311616-105":3,"detail-sidebar-cat-0-en-105":81,"doc-detail-311616-en":130},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","ap-macroeconomics-free-response-questions-set-1-section-ii-time-1-hour","AP Macroeconomics - Free-Response Questions Set 1 - Section II - Time 1 Hour","","AP Macroeconomics Section II Free-Response Questions Set 1 provides three macroeconomics problems to be completed within one hour. The questions guide students to draw and label Phillips curves and interpret long-run versus short-run effects, analyze monetary policy under different reserve conditions, and evaluate foreign exchange market impacts from tariffs on net exports and related macroeconomic variables. 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College Board, Advanced Placement, AP, AP Central, and the acorn logo are registered trademarks [of College Board. Visit College Board on the web: collegeboard.org](of College Board. Visit College Board on the web: collegeboard.org).  \nAP Central is the official online home for [the AP Program: apcentral.collegeboard.org](the AP Program: apcentral.collegeboard.org).  \nMACROECONOMICS  \nSECTION II  \nTIME – 1 HOUR  \nDirections:  \nSection II has 3 questions and lasts 1 hour.  \nYou may use the available paper for scratch work and planning, but you must write your answers in the free-response booklet. Label parts (e.g., A, B, C) and sub-parts (e.g., i, ii, iii) as needed. Use a pencil or a pen with black or dark blue ink to write your responses.  \nInclude correctly labeled graphs, if useful or required, in explaining your answers. A correctly labeled graph must have all axes and curves clearly labeled and must show directional changes. If the question prompts you to “Calculate,” you must show how you arrived at your final answer. A calculator is allowed in this section. You may use a handheld calculator that is approved for this exam or the calculator available in this application.  \nYou may pace yourself as you answer the questions in this section, or you may use these optional timing recommendations:  \nIt is suggested that you spend the first 10 minutes reading all of the questions and planning your answers. Then, it is suggested that you spend about 25 minutes on question 1 and about 12 minutes each on questions 2 and 3.  \nYou can go back and forth between questions in this section until time expires. The clock will turn red when 5 minutes remain—the proctor will not give you any time updates or warnings.  \nNote: This exam was originally administered digitally. It is presented here in a format optimized for teacher and student use in the classroom.  \n© 2025 College Board.  \n[Visit College Board on the web:](Visit College Board on the web: collegeboard.org 2)[ collegeboard.org](Visit College Board on the web: collegeboard.org 2)[ 2](Visit College Board on the web: collegeboard.org 2)  \nAP MACROECONOMICS 2025 n FREE-RESPONSE QUESTIONS  \n1. Assume that the economy of Vortania is in long-run equilibrium.  \nA. Draw a correctly labeled graph of the short-run and long-run Phillips curves for the economy of Vortania, and label the long-run equilibrium point as P.  \nB. Assume that new residential construction projects are being implemented in Vortania.  \ni. Will real output in Vortania increase, decrease, or remain the same in the short run? Explain.  \nii. Assuming no change in inflationary expectations, on your graph in part A, show the short-run effect of the new residential construction projects on Vortania’s economy, labeling the new short-run equilibrium point as S.  \nC. Vortania and Rhodara are trading partners with flexible exchange rates. The currency of Vortania is the Vortanian crown (VTC), and the currency of Rhodara is the Rhodaran mark (RHM) . Assume that Vortania’s capital and financial account (CFA) balance is zero. Now assume that Vortania imposes new tariffs on imports from Rhodara. Draw a correctly labeled graph of the foreign exchange market for the Vortanian crown, and show the effect of the tariffs on the SUPPLY of the Vortanian crown and the international value of the Vortanian crown.  \nD. Based solely on the change in the international value of the Vortanian crown shown in part C, will Vortania’s net exports increase, decrease, or remain the same in the short run?  \nE. Based on the change in net exports identified in part D, what will happen to each of the following in the short run?  \ni. The capital and financial account (CFA) balance in Vortania. Explain.  \nii. Employment in Vortania  \nF. Assume the central bank of Vortania wants to return the Vortanian crown to its international value before the imposition of the tariffs. Would the ce","cbCaiaHo4Nb6PVv9","https://ap.wps.com/l/cbCaiaHo4Nb6PVv9","pdf",208909,"English","# Section II - Time 1 Hour\n## Directions\n## Question 1\n## Question 2\n## Question 3","[{\"question\":\"How long is Section II and how many questions does it contain?\",\"answer\":\"Section II lasts 1 hour and contains 3 questions.\"},{\"question\":\"What requirements are there for graphs and labeling?\",\"answer\":\"Include correctly labeled graphs with all axes and curves clearly labeled and show directional changes. Label parts and sub-parts as needed (e.g., A, B, C; i, ii, iii).\"},{\"question\":\"When answering, what should students do if a question asks them to “Calculate”?\",\"answer\":\"Students must show how they arrived at the final answer. A calculator is allowed in this section.\"}]","AP Macroeconomics - Free-Response Questions Set 1 - Section II - Time 1 Hour | PDF",1789894540,13]