Unofficial6 units2 h 10 min exam
AP Macroeconomics review
National income, price level, financial sector, stabilization policy and open-economy macroeconomics.
Exam format
| Section | Questions | Time | Calculator |
|---|---|---|---|
| Multiple choice | 60 questions | 1 h 10 min | four-function |
| Free response | 3 questions | 1 h | four-function |
Calculator policy: A four-function calculator is allowed.
Units
- Unit 1
Basic Economic Concepts
Scarcity, opportunity cost, comparative advantage and supply and demand.
- Unit 2
Economic Indicators and the Business Cycle
GDP, unemployment, inflation and price indexes.
- Unit 3
National Income and Price Determination
Aggregate demand, aggregate supply and multipliers.
- Unit 4
Financial Sector
Money, banking, the money market and monetary policy.
- Unit 5
Long-Run Consequences of Stabilization Policies
Phillips curve, deficits and economic growth.
- Unit 6
Open Economy: International Trade and Finance
Balance of payments and exchange rates.
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