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AP宏观大题解析
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——知识与智慧
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云舟国际课程中心
2012.北京
2012AP 宏观大题解析
导师 郝宇
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云舟经济组送出大礼2012AP 宏观大题解析
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1.
(a)
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(b)
(i).
The central bank will buy bonds in the open market.
(ii).
(iii).
r=i-π, the real interest rate (r) is equal to the nominal interest rate (i) minus the inflation
rate (π). As the price level does not change, which means the inflation rate remains
constant. With the increasing of the money supply, the nominal interest rate will decrease.
Therefore, the real interest rate decreases.
(iv).
As the interest rate decreases, the consumption and investment will increase. The curve of
AD will shift to the right, and the real output in the short run will increase.
(c).
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(i).
The increasing of the real GDP means the income of the household increasing too, that
calls for an increasing of import. This makes current account deficit increase.
(ii).
When the import increases, Rankinland has to sell its currency to get more other countries’
currencies, that increases the money supply of Rankinland’s currency
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