Macro FRQ Topics
Macroeconomic Topics from 2010-Present:
| YEAR | Question 1 | Question 2 | Question 3 | | 2017 | Phillips 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 | 2017
Average
| 4.77/9 | 2.57/6 | 2.71/5 | 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 | 4.71/10 | 1.45/6 | 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 | 2.65/6 | 2.60/6 |
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