Macroeconomics Review Videos- AP Macro

The video tutorial introduces five units covering key macroeconomic concepts. Unit 1 discusses opportunity costs, tradeoffs, and comparative advantage. Unit 2 focuses on macroeconomic measures like GDP, CPI, and unemployment. Unit 3 delves into aggregate demand, supply, and fiscal policy. Unit 4 covers money, banking, and monetary policy. Finally, Unit 5 explores international trade and foreign exchange. Each unit links to a playlist for further learning.

What is the term used to describe the cost of the next best alternative foregone?

• Comparative advantage

• Opportunity cost

• Tradeoff

• Production possibility

Which of the following is a measure of the total economic output of a country?

• GDP

• Unemployment rate

• CPI

• Inflation

What does CPI stand for in economic terms?

• Commodity Price Index

• Cost Price Index

• Consumer Price Index

• Capital Price Index

Which policy involves government spending and taxation to influence the economy?

• Monetary policy

• Fiscal policy

• Trade policy

• Exchange rate policy

What is the primary focus of monetary policy?

• Setting tax rates

• Managing fiscal deficits

• Controlling the money supply

• Regulating international trade