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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
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

Unit 2: Economic Indicators and the Business Cycle

Syllabus
2026
Section
—
Level
—

Exam analysis

Most tested topics

  1. The Circular Flow and GDP
  2. Limitations of GDP
  3. Unemployment
  4. Price Indices and Inflation
  5. Costs of Inflation
  6. Real v. Nominal GDP
  7. Business Cycles