2011, Form B, Question 1 · 10 points
Falling consumer confidence in Meekland
Graph a long-run equilibrium and the short-run effect of lower consumer confidence, show it on Phillips curves, explain the change in transfer payments and its loanable funds effect, and explain how SRAS adjusts in the long run without policy.
This Form B exam had three free-response questions with 50 minutes of writing time after a 10 minute planning period, with a suggestion to spend about half the time on Question 1 and split the rest evenly between Questions 2 and 3. The current exam has 3 free-response questions in 60 minutes. The skills these questions practice still count.
1 Read the question
The question is College Board's, from the 2011, Form B exam. It starts on page 2 of the PDF. College Board no longer posts this exam, so it opens from the copy of College Board's PDF that the Internet Archive saved on May 20, 2025.
2 Write your answer
Answer each part the way you would on the exam, in full sentences, with your work shown. Your writing saves as you type.
3 Score it
Score your answer against College Board's scoring guidelines, one point at a time. Give yourself a point only when your answer says what the guideline asks for.
Scoring guidelines (PDF, page 2)
Question, scoring guidelines and Chief Reader report: College Board, from the Internet Archive. The title, summary are ours.