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AP Macro. Exam Self-Assessment

Name: ___________________

Per: ____

Put a number on the line before each topic to describe how comfortable you are with the topic. Depending on the number, this will tell you what topic(s) you need to spend the most time studying and in what order. Focus first on any “1s” then “2s”. These topics are listed in the same order as the “Macroeconomics presentations” links on our website in pdf format.

3= I know it (confident) (

2= I know it pretty well, but need to study it a bit more (somewhat comfortable) (

1= I need to study this a lot more (not comfortable) (

___ 1. The Production Possibilities Curve/Frontier, Constant and Increasing Opportunity Costs,

and Productive and Allocative Efficiency

___ 2. Absolute and Comparative Advantage

___ 3. The Free Market and Command Economies

___ 4. Market Demand, Supply, and Equilibrium

___ 5. The Law of Demand and the Income and Substitution Effects

___ 6. Double Shifts

___ 7. Price Controls- Price Floors and Ceilings

___ 8. The Factor/Resource Market- aka Circular Flow Model

___ 9. Nominal and Real GDP

___ 10. The Velocity, Quantity Theory, and Time Value of Money

___ 11. Economic Fluctuations/Business Cycles

___ 12. Short-run and Long-run Economic Growth

___ 13. Inflation

___ 14. Interest Rates and the Federal Funds Rate

___ 15. Aggregate Demand, Short-run Aggregate Supply, and Long-run Aggregate Supply

___ 16. The Government's Share of GDP and Savings

___ 17. The GDP Deflator and the Consumer Price Index

___ 18. The Foreign Exchange Market (FOREX)

___ 19. Employment and Unemployment

___ 20. Income and The Marginal Propensity to Consume and Save

___ 21. The Money Market and the Loanable Funds Market

___ 22. The Phillips Curve

___ 23. Banking and Stocks and Bonds

___ 24. Fiscal Policy and Deficit Spending

___ 25. Monetary Policy, Open-Market Operations, and the Money Multiplier

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