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💶 AP Macroeconomics Cheatsheets
Download the one-page AP Macroeconomics cheatsheet PDF or browse AI-generated visual study aids with key formulas, concepts, and definitions for your exam review.
Download the one-page AP Macroeconomics cheatsheet PDF or browse AI-generated visual study aids with key formulas, concepts, and definitions for your exam review.
Text cheatsheets made by Fiveable, in print-ready PDF.

Compiled by students and teachers, then reviewed and updated every year.
1 page · PDF · updated every year
Same format, one unit at a time, aligned to the 2026-2027 course.



Printable PDF · from the Fiveable shop
7 pages · Subject + 6 unit cheatsheets · PDF
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Unit 1 - 1.1 Scarcity

Unit 1 - 1.2 Opportunity Cost and the Production Possibilities Curve (PPC)

Unit 1 - 1.3 Comparative Advantage and Trade

Unit 1 - 1.4 Demand

Unit 1 - 1.4 Demand

Unit 1 - 1.5 Supply

Unit 1 - 1.5 Supply

Unit 1 - 1.5 Supply

Unit 1 - 1.5 Supply

Unit 1 - 1.5 Supply

Unit 1 - 1.6 Market Equilibrium, Disequilibrium, and Changes in Equilibrium

Unit 2 - 2.1 Circular Flow and GDP

Unit 2 - 2.2 Limitations of GDP

Unit 2 - 2.3 Unemployment

Unit 2 - 2.4 Price Indices and Inflation

Unit 2 - 2.5 Costs of Inflation

Unit 2 - 2.6 Real vs Nominal GDP

Unit 2 - 2.7 Business Cycles

Unit 3 - 3.1 Aggregate Demand

Unit 3 - 3.2 Spending and Tax Multipliers

Unit 3 - 3.3 Short-Run Aggregate Supply (SRAS)

Unit 3 - 3.4 Long-Run Aggregate Supply (LRAS)

Unit 3 - 3.5 Equilibrium in Aggregate Demand-Aggregate Supply (AD-AS) Model

Unit 3 - 3.6 Changes in the AD-AS Model in the Short Run

Unit 3 - 3.7 Long-Run Self-Adjustment

Unit 3 - 3.8 Fiscal Policy

Unit 3 - 3.9 Automatic Stabilizers

Unit 4 - 4.1 Financial Assets

Unit 4 - 4.2 Nominal vs. Real Interest Rates

Unit 4 - 4.3 Definition, Measurement, and Functions of Money

Unit 4 - 4.4 Banking and the Expansion of the Money Supply

Unit 4 - 4.5 The Money Market

Unit 4 - 4.6 Monetary Policy

Unit 4 - 4.7 The Loanable Funds Market

Unit 5 - 5.1 Fiscal and Monetary Policy Actions in the Short-Run

Unit 5 - 5.1 Fiscal and Monetary Policy Actions in the Short-Run

Unit 5 - 5.1 Fiscal and Monetary Policy Actions in the Short-Run

Unit 5 - 5.1 Fiscal and Monetary Policy Actions in the Short-Run

Unit 5 - 5.1 Fiscal and Monetary Policy Actions in the Short-Run

Unit 5 - 5.2 The Phillips Curve

Unit 5 - 5.2 The Phillips Curve

Unit 5 - 5.2 The Phillips Curve

Unit 5 - 5.3 Money Growth and Inflation

Unit 5 - 5.4 Deficits and the National Debt

Unit 5 - 5.5 Crowding Out

Unit 5 - 5.6 Economic Growth

Unit 5 - 5.7 Public Policy and Economic Growth

Unit 6 - 6.1 Balance of Payments Accounts

Unit 6 - 6.2 Exchange Rates

Unit 6 - 6.3 Foreign Exchange Market

Unit 6 - 6.4 Effect of Changes in Policies & Economic Conditions on the Foreign Exchange Market

Unit 6 - 6.5 Changes in the Foreign Exchange Market and Net Exports

Unit 6 - 6.6 Real Interest Rates and International Capital Flows

Unit 6 - 6.6 Real Interest Rates and International Capital Flows

AP Macroeconomics Exam - FRQs 2-3 – Short

AP Macroeconomics Exam - Multiple-Choice Questions (MCQ)

AP Macroeconomics Exam - FRQ 1 – Long
A cheatsheet condenses a whole course into the facts you actually need on exam day. The AP Macroeconomics cheatsheets on this page summarize the key formulas, concepts, and definitions from each unit so you can review the entire course at a glance.
They work best as a final review: skim the one-page summary, spot the units you want to strengthen, then go deeper with the AP Macroeconomics study guides. The visual cheatsheets in the gallery are organized by unit, and you can generate your own for any topic you want a quick refresher on.