AP Macroeconomics MCQs

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AP Macroeconomics practice questions by unit
Fiveable has 8,997 AP Macroeconomics multiple-choice practice questions across 6 units. Practice one unit or topic at a time.
- Unit 1 – Basic Economic Concepts: 1,377 multiple-choice questions
- Unit 2 – Economic Indicators and the Business Cycle: 1,696 multiple-choice questions
- Unit 3 – National Income and Price Determination: 1,778 multiple-choice questions
- Unit 4 – Financial Sector: 1,946 multiple-choice questions
- Unit 5 – Long-Run Consequences of Stabilization Policies: 1,343 multiple-choice questions
- Unit 6 – Open Economy – International Trade and Finance: 857 multiple-choice questions
Sample AP Macroeconomics practice question
A consumer purchases 50 units of a good when the price is $10 per unit. When the price rises to $15 per unit, the consumer purchases 35 units. Which of the following best describes the economic principle illustrated by this behavior?
The law of demand, which states that price and quantity demanded have an inverse relationship
The law of supply, which states that price and quantity supplied have a direct positive relationship
The substitution effect, which states that consumers ALWAYS switch to alternative goods at any price
The income effect, which states that price changes ONLY affect purchasing through real income changes
The price elasticity of demand, which measures how responsive consumers are to price changes
Explanation
Recognizing the inverse relationship between price and quantity demanded is central to understanding the law of demand. As price increased from $10 to $15, quantity demanded decreased from 50 to 35 units, demonstrating the fundamental principle that higher prices lead to lower quantities demanded.
More AP Macroeconomics practice
- Long FRQ practice: Long FRQ (Question 1) questions scored by part
- Question 2 Short FRQ practice: Short FRQ (Question 2) questions scored by part
- Question 3 Short FRQ practice: Short FRQ (Question 3) questions scored by part
- AP Macroeconomics unit tests: a timed practice test for every unit
- AP Macroeconomics full-length practice exams