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					                                    AP Macroeconomics Exam Review PROJECT

Make a flash card for each of the following. Include a graph for anything that is typically graphed. Include applicable
formulas. Your cards need to be numbered (as shown below) and placed in numerical order. All cards will be due
Tuesday, January 8th. These will be used to study for the AP Exam. Topics marked with an * will appear on the semester
exam. (You should go ahead and do these prior to the Semester Exam.) This will count as a test grade.

    1.    Capitalism
    2.    Socialism
    3.    Market System
    4.    Command System
    5.    *Economic Growth
    6.    *Long Run
    7.    Short Run
    8.    *LRAS
    9.    SRAS
    10.   Debtors
    11.   Creditors
    12.   MPC
    13.   MPS
    14.   *Human Capital
    15.   *Exchange Rate
    16.   *Inflation Rate
    17.   *Net Exports
    18.   *Aggregate Demand
    19.   Aggregate Supply
    20.   Keynesian
    21.   Classical Theory
    22.   *Real Interest Rates
    23.   *Nominal Interest Rates
    24.   *PPC (inward and outward shifts)
    25.   *Absolute Advantage
    26.   *Comparative Advantage
    27.   *Determinants of Demand
    28.   *Determinants of Supply
    29.   *Opportunity Cost
    30.   Supply
    31.   *Quantity Supplied
    32.   Demand
    33.   *Quantity Demanded
    34.   *Nominal Wages/Income
    35.   *Real Wages/Income
    36.   Production
    37.   Productivity
    38.   *GDP/Output (what is included)
    39.   Nominal GDP
    40.   *Real GDP
41.   Labor Force
42.   *Structural Unemployment
43.   *Frictional Unemployment
44.   Cyclical Unemployment
45.   Seasonal Unemployment
46.   *Unemployment Rate (who is included/who is not)
47.   *Circular Flow (product markets, resource markets, supply side, demand side)
48.   *Investment spending
49.   *Standard of Living (how is it measured)
50.   CPI
51.   Inflation (Anticipated vs. Unanticipated)
52.   *Fiscal Policy (define, examples)
53.   Government Spending Multiplier
54.   Tax Cut Multiplier
55.   *National Debt
56.   *The Fed
57.   *Expansionary Fiscal Policies
58.   *Contractionary Fiscal Policies
59.   Fiscal Policy Tools
60.   *Monetary Policy Tools
61.   *Automatic/Built-In Stabilizers
62.   *Aggregate Demand Shocks
63.   Long-Run Phillips Curve
64.   *OMO
65.   Federal Funds Rate
66.   Discount Rate
67.   Money Supply
68.   *Monetary Demand
69.   *Buying vs. Selling Bonds
70.   *Stagflation
71.   *Functions of Money
72.   *Velocity of money
73.   MV=PQ
74.   *Reserve Requirement/Ratio
75.   Bank Reserves
76.   *Excess Reserves
77.   Bank Balance Sheet
78.   *Liabilities
79.   Assets
80.   Monetary Multiplier
81.   Demand Deposits
82.   Crowding Out
83.   Current Account
84.   Capital Account
85.   Deficit vs. Debt

				
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posted:3/1/2013
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