My 2023 AP Macro and AP Micro exam FRQs predictions. For more help and practice, check out the Ultimate Review Packet: https://www.ultimatereviewpacket.com/
AP Macro
Macro FRQ #1: Phillips curve with positive output gap, long run adjustment, money market with shift, monetary policy with limited or ample reserves
Macro FRQ #2: Loanable funds with an increase in savings, affect on capital and financial account, foreign exchange and a change in interest rates
Macro FRQ #3: Comparative advantage, calculate the opportunity cost, terms of trade, connection to the PPC
AP Micro
Micro FRQ #1: Perfect Competition- Side-by-Side Graphs with firm making a loss (label area of loss), shut down rule, long-run adjustment,
Micro FRQ #2: Hiring workers in a perfectly competitive labor market, calculate the marginal revenue product, hire workers to maximize profit, calculate profit, compared to monopsony.
Micro FRQ #3: Supply and demand with a tax. Calculate consumer surplus, tax per unit or total tax revenue, deadweight loss and elasticity of demand coefficient