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AP Macroeconomics

Unit 1: Basic Economic Concepts

Unit 2: Economic Indicators and the Business Cycle

2.1 The Circular Flow and GDP

2.2 Limitations of GDP

2.3 Unemployment

MEA-1.C—a. Define the labor force, the unemployment rate, and the labor force participation rate. b. Explain how changes in employment and…

MEA-1.D—Define the limitations of the unemployment rate

MEA-1.E—a. Define the types of unemployment and the natural rate of unemployment. b. Explain changes in the types of unemployment

2.4 Price Indices and Inflation

2.5 Costs of Inflation

2.6 Real v. Nominal GDP

2.7 Business Cycles

Unit 3: National Income and Price Determination

Unit 4: Financial Sector

Unit 5: Long-Run Consequences of Stabilization Policies

Unit 6: Open Economy—International Trade and Finance

AP/Macroeconomics/Concept//Unit 2: Economic Indicators and the Business Cycle/2.3 Unemployment/MEA-1.D—Define the limitations of the unemployment rate

Unit 2: Economic Indicators and the Business Cycle

Syllabus: 2026
Section: —
Level: —

Exam analysis

Most tested topics

The Circular Flow and GDP
Limitations of GDP
Unemployment
Price Indices and Inflation
Costs of Inflation
Real v. Nominal GDP
Business Cycles