Library
AP Macroeconomics
Study AP Macroeconomics
Revise a topic
Got a question wrong? Open the notes for that topic.
Downloads
2026 1 files
- 2026 Questions
- AP Macroeconomics — Question index
- 1.2 Opportunity Cost and the Production Possibilities Curve (PPC)
- 1.3 Comparative Advantage and Gains from Trade
- 2.1 The Circular Flow and GDP
- 2.2 Limitations of GDP
- 2.3 Unemployment
- 2.4 Price Indices and Inflation
- 2.5 Costs of Inflation
- 2.6 Real v. Nominal GDP
- 2.7 Business Cycles
- 3.1 Aggregate Demand (AD)
- 3.2 Multipliers
- 3.4 Long-Run Aggregate Supply (LRAS)
- 3.5 Equilibrium in the Aggregate Demand–Aggregate Supply (AD–AS) Model
- 3.6 Changes in the AD–AS Model in the Short Run
- 3.7 Long-Run Self-Adjustment
- 3.8 Fiscal Policy
- 3.9 Automatic Stabilizers
- 4.1 Financial Assets
- 4.2 Nominal v. Real Interest Rates
- 4.4 Banking and the Expansion of the Money Supply
- 4.5 The Money Market
- 4.6 Monetary Policy
- 4.7 The Loanable Funds Market
- 5.1 Fiscal and Monetary Policy Actions in the Short Run
- 5.2 The Phillips Curve
- 5.3 Money Growth and Inflation
- 5.4 Government Deficits and the National Debt
- 5.5 Crowding Out
- 5.6 Economic Growth
- 5.7 Public Policy and Economic Growth
- 6.1 Balance of Payments Accounts
- 6.2 Exchange Rates
- 6.3 The Foreign Exchange Market
- 6.4 Effect of Changes in Policies and Economic Conditions on the Foreign Exchange Market
- 6.5 Changes in the Foreign Exchange Market and Net Exports
- 6.6 Real Interest Rates and International Capital Flows
- 1.1 Scarcity
- 1.2 Opportunity Cost and the Production Possibilities Curve (PPC)
- 1.3 Comparative Advantage and Gains from Trade
- 1.4 Demand
- 1.5 Supply
- 1.6 Market Equilibrium, Disequilibrium, and Changes in Equilibrium
- 2.1 The Circular Flow and GDP
- 2.2 Limitations of GDP
- 2.3 Unemployment
- 2.4 Price Indices and Inflation
- 2.5 Costs of Inflation
- 2.6 Real v. Nominal GDP
- 2.7 Business Cycles
- 3.1 Aggregate Demand (AD)
- 3.2 Multipliers
- 3.3 Short-Run Aggregate Supply (SRAS)
- 3.4 Long-Run Aggregate Supply (LRAS)
- 3.5 Equilibrium in the Aggregate Demand–Aggregate Supply (AD–AS) Model
- 3.6 Changes in the AD–AS Model in the Short Run
- 3.7 Long-Run Self-Adjustment
- 3.8 Fiscal Policy
- 3.9 Automatic Stabilizers
- 4.1 Financial Assets
- 4.2 Nominal v. Real Interest Rates
- 4.3 Definition, Measurement, and Functions of Money
- 4.4 Banking and the Expansion of the Money Supply
- 4.5 The Money Market
- 4.6 Monetary Policy
- 4.7 The Loanable Funds Market
- 5.1 Fiscal and Monetary Policy Actions in the Short Run
- 5.2 The Phillips Curve
- 5.3 Money Growth and Inflation
- 5.4 Government Deficits and the National Debt
- 5.5 Crowding Out
- 5.6 Economic Growth
- 5.7 Public Policy and Economic Growth
- 6.1 Balance of Payments Accounts
- 6.2 Exchange Rates
- 6.3 The Foreign Exchange Market
- 6.4 Effect of Changes in Policies and Economic Conditions on the Foreign Exchange Market
- 6.5 Changes in the Foreign Exchange Market and Net Exports
- 6.6 Real Interest Rates and International Capital Flows
- Complete pack — exercise sheets + past papers
- 1 Basic Economic Concepts — Part 1
- 1 Basic Economic Concepts — Part 2
- 2 Economic Indicators and the Business Cycle — Part 1
- 2 Economic Indicators and the Business Cycle — Part 2
- 3 National Income and Price Determination — Part 1
- 3 National Income and Price Determination — Part 2
- 4 Financial Sector — Part 1
- 4 Financial Sector — Part 2
- 5 Long-Run Consequences of Stabilization Policies — Part 1
- 5 Long-Run Consequences of Stabilization Policies — Part 2
- 6 Open Economy—International Trade and Finance — Part 1
- 6 Open Economy—International Trade and Finance — Part 2
How to use these papers
These questions almost always chain models together, so practise the chain rather than the individual graphs. Take a released prompt, then say out loud what happens in each linked market in order before drawing anything.
Check every answer for whether it addressed the short run or the long run — the rubric distinguishes them, and a correct short-run answer to a long-run question earns nothing. Highlighting the time frame in the prompt before you start prevents most of these.
The graphs are worth drawing until the labelling is automatic: AD-AS, the money market, loanable funds and foreign exchange each have conventions the rubric expects, and the marks go to the conventions rather than to the sketch.