[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-460582-105":59,"doc-detail-460582-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","ap-macroeconomics-scoring-guidelines-set-1-460582","AP® Macroeconomics Scoring Guidelines - Set 1","","AP® Macroeconomics Scoring Guidelines Set 1 provides point-by-point expectations for responses across five questions. It details how to label aggregate demand–aggregate supply graphs showing short-run and long-run equilibrium, how changes in input prices or inflationary expectations affect SRAS, and how increases in government spending shift AD and change PL1 to PL2. It also specifies requirements for loanable funds and bond price effects, long-run growth impacts via interest rates, Phillips curve diagrams, monetary policy actions, international capital flows, currency appreciation, and labor-market and recessionary-gap reasoning with unemployment calculations and PPC placement.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/ap-macroeconomics-scoring-guidelines-set-1-460582/460582/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/ap-macroeconomics-scoring-guidelines-set-1-460582/460582.png","ImageObject",300,407,{"name":92,"@type":93},"xXChrisXx","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-19","2026-09-30",true,{"@type":102,"interactionType":103,"userInteractionCount":39},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What must be shown on the aggregate demand–aggregate supply graph for part (a) of Question 1?","Question",{"text":112,"@type":113},"It must correctly label PL1 and Y1 at the intersection of aggregate demand and short-run aggregate supply, show a vertical long-run aggregate supply curve to the right of Y1, and label full-employment output as YF.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How does part (b) describe the effect on SRAS when input prices or inflationary expectations change?",{"text":117,"@type":113},"It states that input prices (e.g., nominal wages) and/or inflationary expectations will decrease, causing SRAS to increase until it reaches full employment, with the price level less than PL1.",{"name":119,"@type":110,"acceptedAnswer":120},"What is required for Question 2, part (a) regarding the Phillips curves?",{"text":121,"@type":113},"The response must draw a correctly labeled short-run Phillips curve (SRPC) that includes a correctly labeled long-run Phillips curve (LRPC) and show point X on the SRPC to the left of the LRPC.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},460582,1790816243,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":39,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":29,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":144},8796112263567,"https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2","2023  \nAP® Macroeconomics Scoring Guidelines  \nSet 1  \n© 2023 College Board. 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](collegeboard.org).  \n[AP Central is the official online home for the AP Program: apcentral.collegeboard.org](AP Central is the official online home for the AP Program: apcentral.collegeboard.org).  \n\n| Question 1: Long 10 points |  |  |\n| --- | --- | --- |\n|  |  |  |\n| (a) Draw a correctly labeled aggregate demand–aggregate supply graph that shows PL1 and Y1 at the intersection of aggregate demand and short-run aggregate supply.\u003Cbr>|  | 1 point |\n| For the second point, the graph must show a vertical long-run aggregate supply curve to the right of Y1 and label the full-employment output as YF.\u003Cbr>|  | 1 point |\n|  | Total for part (a) | 2 points |\n| (b)(i) | Explain that input prices (e.g., nominal wages) and/or inflationary expectations will | 1 point |\n| (ii) | decrease, causing SRAS to increase until it reaches full employment. |  |\n|  | State that the price level will be less than PL1. | 1 point |\n| Total for part (b) 2 points |  |  |\n\n\n| (c) (i) Calculate the minimum change in government spending as an increase of $10 million and show your work.\u003Cbr>􀛻􀜑􀜖􀜑􀜕􀜝􀜕 􀛱􀜐􀜉􀜖􀜏􀜍 = 􀜁􀜘􀜍􀛽􀜖􀜌􀜝􀜑􀜜􀜖􀜘􀜏􀜝􀜜􀛻􀛵􀜝􀜉􀜔􀜜􀜘􀜑􀜘􀜔􀜑􀜍􀜚 = $􀫞~~ ~~􀫙􁉀~~  ~~􀜕􀫚􀫙.~~ ~~􀜑􀜔􀫛􀜗􀜖 = $􀫞􀫙~~ ~~􀜕􀫞􀜑􀜔􀜔􀜑􀜗􀜖= $􀫚􀫙 􀜕􀜑􀜔􀜔􀜑􀜗􀜖 | 1 point |\n| --- | --- |\n| (ii) On the graph from part (a), show the short-run effect of the change in government spending as a rightward shift of the aggregate demand curve where the new short-run equilibrium intersects the long-run aggregate supply curve at a higher equilibrium price level, labeled PL2.\u003Cbr>| 1 point |\n| Total for part (c) 2 points |  |\n\n\n| (d) Draw a correctly labeled graph of the loanable funds market. 1 point\u003Cbr>|  |  |\n| --- | --- | --- |\n| For the second point, the graph must show an increase in the demand for loanable funds (or a decrease in the supply of loanable funds), resulting in an increase in the equilibrium real interest rate.\u003Cbr>|  | 1 point |\n|  | Total for part (d) | 2 points |\n| (e)(i)\u003Cbr>(ii) | State that the price of previously issued bonds will decrease. | 1 point |\n|  | State that the rate of economic growth in the long run will decrease and explain that an increase in the real interest rate means the cost of borrowing has increased, which will decrease investment spending on physical capital, human capital, and/or research and development. | 1 point |\n|  | Total for part (e) | 2 points |\n\nTotal for question 1 10 points  \n\n| Question 2: Short 5 points |  |  |\n| --- | --- | --- |\n|  |  |  |\n| (a) Draw a correctly labeled graph of the short-run Phillips curve (SRPC) . 1 point\u003Cbr>|  |  |\n| For the second point, the graph must include a correctly labeled long-run Phillips curve (LRPC) and show point X on the SRPC to the left of the LRPC.\u003Cbr>|  | 1 point |\n|  | Total for part (a) | 2 points |\n| (b) | State that the central bank would increase its administered interest rates or increase interest on reserves. | 1 point |\n| (c) | State that there will be an increase in the flow of international financial capital into Noralandia and explain that international investors will seek higher returns on financial capital in Noralandia. | 1 point |\n| (d) | State that Noralandia’s currency will appreciate and explain there will be an increase in the demand for Noralandia’s currency (or a decrease in the supply of Noralandia’s currency) . | 1 point |\n\nTotal for question 2 5 points  \n\n| Question 3: Short |  |  | 5 points |  |\n| --- | --- | --- | --- | --- |\n| (a) | Calculate the number of people that are unemployed as 63,000 and show your work.\u003Cbr>Unemployed = Unemployment Rate × Labor Force Participation Rate × Adult Population = 9% × 70% × 1,000,000 = 63,000 |  | 1 point |  |\n| (b) | State that the country of Zeta is currently experiencing a recessionary gap and explain that the current unemployment rate (9%) i","cbCaiqkmQZP8eojS","https://ap.wps.com/l/cbCaiqkmQZP8eojS","pdf",758892,"English","# Question 1\n## Part (a)\n## Part (b)\n## Part (c)\n## Part (d)\n## Part (e)\n# Question 2\n## Part (a)\n## Part (b)\n## Part (c)\n## Part (d)\n# Question 3\n## Part (a)\n## Part (b)\n## Part (c)\n## Part (d)","[{\"question\":\"What must be shown on the aggregate demand–aggregate supply graph for part (a) of Question 1?\",\"answer\":\"It must correctly label PL1 and Y1 at the intersection of aggregate demand and short-run aggregate supply, show a vertical long-run aggregate supply curve to the right of Y1, and label full-employment output as YF.\"},{\"question\":\"How does part (b) describe the effect on SRAS when input prices or inflationary expectations change?\",\"answer\":\"It states that input prices (e.g., nominal wages) and/or inflationary expectations will decrease, causing SRAS to increase until it reaches full employment, with the price level less than PL1.\"},{\"question\":\"What is required for Question 2, part (a) regarding the Phillips curves?\",\"answer\":\"The response must draw a correctly labeled short-run Phillips curve (SRPC) that includes a correctly labeled long-run Phillips curve (LRPC) and show point X on the SRPC to the left of the LRPC.\"}]","AP® Macroeconomics Scoring Guidelines - Set 1 | PDF",1790758824,15]