While you are sitting home studying for the midterm exam, take a break and read article from Bloomberg news.
Economics doesn't have to be complicated. It is the study of our lives — our jobs, our homes, our families and the little decisions we face every day. -NY Times
Wednesday, January 28, 2015
Thursday, January 22, 2015
Economic Midterm Review
Click the following link for a review packet.
This is a older material and not everything will be on exam.
AP Economics Review
This is a older material and not everything will be on exam.
AP Economics Review
Sunday, January 4, 2015
Welcome Back..Answers to chapter questions (given before break)
Multiple Choice:
1. c
2. b
3. b
4. c
5. e
Free Response (Answers provided for question1)
2. a. $50 million
Multiplier = 1/(1-mpc)= 1/(1-.75)= 4
Change in G x 4= $200 million
Change in G= $50 million
b. 10
$20 x multiplier = $200 million
multiplier = 200/20 = 10
c. .1
1/(1-mpc)= 1/mps=10
MPS=.1
1. c
2. b
3. b
4. c
5. e
Free Response (Answers provided for question1)
2. a. $50 million
Multiplier = 1/(1-mpc)= 1/(1-.75)= 4
Change in G x 4= $200 million
Change in G= $50 million
b. 10
$20 x multiplier = $200 million
multiplier = 200/20 = 10
c. .1
1/(1-mpc)= 1/mps=10
MPS=.1
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