Practice Dojo

AP Macroeconomics practice

Free, original practice questions for the AP Macroeconomics exam, written to the College Board Course and Exam Description.

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How the practice works

Each unit has three multiple-choice sets. White belt covers core terms and foundational ideas. Regular is set at exam level, with concept checks and applications. Black belt has harder, multi-step questions. After each answer you get an explanation, plus a "Still don't get it?" walkthrough with the key idea, a worked solution, a short practice problem and the most common wrong answer.

Free-response questions come with point-by-point scoring rubrics in the style of College Board scoring guidelines, model answers that earn every point, and walkthroughs for each part.

No account is needed. Your progress is saved in your own browser.

Units and topics

Unit 1: Basic Economic Concepts

5 to 10% of the exam · 180 multiple-choice questions · 10 free-response questions

• 1.1 Scarcity
• 1.2 Opportunity Cost and the Production Possibilities Curve
• 1.3 Comparative Advantage and Gains from Trade
• 1.4 Demand
• 1.5 Supply
• 1.6 Market Equilibrium, Disequilibrium, and Changes in Equilibrium

Unit 2: Economic Indicators and the Business Cycle

12 to 17% of the exam · 180 multiple-choice questions · 10 free-response questions

• 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 vs. Nominal GDP
• 2.7 Business Cycles

Unit 3: National Income and Price Determination

17 to 27% of the exam · 180 multiple-choice questions · 10 free-response questions

• 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 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

Unit 4: Financial Sector

18 to 23% of the exam · 180 multiple-choice questions · 10 free-response questions

• 4.1 Financial Assets
• 4.2 Nominal vs. 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

Unit 5: Long-Run Consequences of Stabilization Policies

20 to 30% of the exam · 180 multiple-choice questions · 10 free-response questions

• 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

Unit 6: Open Economy: International Trade and Finance

10 to 13% of the exam · 180 multiple-choice questions · 10 free-response questions

• 6.1 Balance of Payments Accounts
• 6.2 Exchange Rates
• 6.3 The Foreign Exchange Market
• 6.4 Effects 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

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