AP Macroeconomics Cheatsheets

AP Macroeconomics, unit by unit

What each unit's one-page cheatsheet covers. Open a unit to read the start of its sheet.

1. Unit 2: Economic Indicators and the Business Cycle

   GDP: Definition & Measurement Approaches · GDP Limitations & Real vs. Nominal · Labor Force & Unemployment Calculations · Types of Unemployment & Natural Rate · CPI, Inflation Rate & Real Variables · Inflation Costs & Deflation · Business Cycle: Phases & Turning Points · Potential Output & Full Employment · Test-Taking Strategy: Indicator Interpretation

2. Unit 3: National Income and Price Determination

   Aggregate Demand (AD) Curve · Short-Run Aggregate Supply (SRAS) · Long-Run Self-Adjustment · Multipliers & MPC/MPS · Fiscal Policy Tools & Effects · Automatic Stabilizers · Long-Run Aggregate Supply (LRAS) & Equilibrium · AD & SRAS Shocks (Short Run) · Test-Solving Checklist

3. Unit 4: Financial Sector

   Financial Assets & Opportunity Cost · Monetary Policy Tools & Effects · National Savings & Open Economy · Nominal vs. Real Interest Rates · Loanable Funds Market Basics · Loanable Funds Shifts & Policy Effects · Money: Definition & Measurement · Fractional Reserve Banking & Money Multiplier · Money Market: Demand, Supply & Equilibrium

4. Unit 5: Long-Run Consequences of Stabilization Policies

   Short-Run Policy Effects & Equilibrium · Quantity Theory of Money · Government Deficits, Debt & Crowding Out · Economic Growth: Measurement & Drivers · Supply-Side Fiscal Policy & Growth · Test-Taking Checklist

5. Unit 6: Open Economy-International Trade and Finance

   Balance of Payments Accounts · Exchange Rates & Currency Valuation · Foreign Exchange Market Equilibrium · Determinants of Currency Demand & Supply · Currency Changes & Net Exports · Real Interest Rates & Capital Flows