AP Economics (Macro) Flashcards

AP Macroeconomics flashcards covering GDP, inflation, unemployment, fiscal policy, monetary policy, trade, and more.

Unit 1: Basic Economic Concepts

Scarcity, Opportunity Cost and the PPC

High
5 cards

Comparative Advantage and Trade

High
5 cards

Demand, Supply and Market Equilibrium

High
5 cards

Unit 2: Economic Indicators and the Business Cycle

Circular Flow and Gross Domestic Product

High
6 cards

Unemployment and Inflation

High
5 cards

The Business Cycle

High
4 cards

Unit 3: National Income and Price Determination

Aggregate Demand and Aggregate Supply

High
5 cards

Short-run and Long-run Equilibrium

High
5 cards

Fiscal Policy and the Multiplier

High
6 cards

Unit 4: Financial Sector

Money, Banking and Financial Markets

High
5 cards

Monetary Policy and the Money Market

High
5 cards

The Loanable Funds Market

High
4 cards

Unit 5: Long-run Consequences of Stabilization Policies

The Phillips Curve and the Long Run

High
4 cards

Economic Growth and the Crowding-out Effect

High
5 cards

Policy Trade-offs and the National Debt

High
4 cards

Unit 6: Open Economy — International Trade and Finance

Balance of Payments and Exchange Rates

Medium
6 cards

International Trade and Economic Policy

Medium
5 cards

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