Macro FRQ Topics

Macro FRQ Topics

Macroeconomic Topics from 2010-Present:

 YEAR Question 1 Question 2     Question 3
 2017Phillips curve draw, inflation,self correction, fiscal policy, AD/AS draw, forex, currency  Money market draw, bonds, inflation, velocity, OMO PPC draw, loanable funds draw, LRAS shift 
 2016


Key
Recession, Phillips curve draw, self correction and shift of SRPC, open market operations, foreign exchange market draw. Bank balance sheet, deposit expansion, open market operations, lending, deposits, leakages. Comparative and absolute advantage, specialization, PPC Draw.  
2016
Average 
 4.71/101.45/6 3.43/5 
 2015


Key
Recession, AD/AS draw, Fed funds rate, money market draw, fiscal policy, MPC, tax vs. spending multiplier, LRAS Comparative and absolute advantage, opportunity costs, specialization, terms of trade. Crowding out, foreign exchange draw, buying/selling currency in exchange market. 
2015
Average 
5.45/10 3.87/5  2.49/6
 2014




Key
Recession, budget balance, AD/AS draw, crowding out, types of unemployment, MPC, Loanable Funds draw, long-run interest rate equilibrium, tax vs. spending multiplier Money market, Fed funds target, open market operations, bond prices, money multiplier, discount rate. Current account, inflation, exports, Foreign exchange draw. 
 2014
Average
5.47/11 3.12/6 2.63/5 
 2013


Key
AD/AS at full employment draw, loanable funds draw, investment, economic growth, foreign exchange draw, current account.  PPC, recession, fiscal policy, long-run self-correction. Inflation, Phillips Curve draw, nominal and real interest rates.  
2013
Average 
4.86/10 3.44/5  2.84/6
 2012


Key
Recession, PPC, open market operation, money market graph, current account deficit, international currency value.  Bank balance sheet, decreased demand deposits, M!, excess reserves, borrowing Fed funds. AD/AS in LR Equilibrium, increase in exports, real wage change, effects on AD & LRAS. 
 2012
Average
5.45/12 2.21/5 3.39/6 
 2011


Key
Recession, Phillips Curve, AD/AS model, tax increase, open market operation, long-run equilibrium and shift of SRAS. Foreign exchange, loanable funds market, real interest rate, foreign exchange market, exports. Bank balance sheet, Fed buys bonds, bond market, excess reserves, demand deposits, effect on M1. 
 2011
Average
5.49/10 2.52/6 1.94/6 
 2010

Key
AD/AS Model, LR Equilibrium, Government spending, long-run shift in SRAS, crowding out, investment.  Money market, Fed open market operation, nominal interest rate and economic growth.  Foreign exchange, aggregate demand, inflation and international exchange. 
 2010 
Average
4.75/10  2.65/62.60/6 

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