Note:

This spreadsheet categorizes multiple choice questions from released AP exams. The 2005, 2010, and 2012 Released AP exams are available
from the College Board. The other exams are available on the AP Audit Website under “Secure Documents”. Please DO NOT post this
document or released AP Exams online.

Unit Concept Exam Year

1 Basic Economic Concepts 2018 2017 2016 2015 2014 2013 2012 2010 2008 2005

Scarcity and Opportunity Cost 58 10 1 9

16, 17,
Production Possibilities Curve 48 1, 17 1, 36 54, 57 2, 38 45, 51 17, 42 1
50

Constant and Increasing Opportunity Cost 1 13

32, 33,
Trade and Comparative Adavatage 32 26 20, 51 15, 55 15, 47 46 26, 50 3, 15 15, 33
34

Free Market and Command Economies 4 1

Demand, Supply, and Equilibrium 39 14, 46 8 18 10, 30 22 4

Double Shifts 11 23 25, 36

2 Economic Indicators and the Business Cycle 2018 2017 2016 2015 2014 2013 2012 2010 2008 2005

Circular Flow Model 30 8 12 45 13 25 20

1, 40, 4, 13, 30, 39, 4, 20, 23, 7, 39, 47, 21, 29, 2, 6, 34,
GDP 12, 41 32
51 57 52 36 52 41, 56 47

GDP Per Capita 5, 20 28, 38 6 1

13, 23, 3, 32, 20, 22, 17, 37,

Unemployment 29 19, 54 32, 55 14, 26, 29 9, 27 3, 18
33, 46 37, 50 29 46

Natural Rate of Unemployment 47 49 25 53

Inflation 5 42, 58 59 60 2, 45 6, 42, 51 7, 34 4, 13 2 53

Consumer Price Index (CPI) and Deflator 11, 20 9, 22 49 47 29 39 41 48

Dissavings 16 8

3 National Income and Price Determination 2018 2017 2016 2015 2014 2013 2012 2010 2008 2005

10, 14,
27, 43, 41, 43, 31, 41, 9, 38, 46,
Aggregate Demand 10, 24 17, 19 60 17, 21, 8, 38 36, 50
49, 51 54 48 52
22, 52

32, 50, 10, 35, 21, 28, 4, 42, 52, 31, 37,
Aggregate Supply 45 10, 57 3, 12 14 40, 56
54, 58 47 48 58 51

Long Run Aggregate Supply 26 27 51, 60 11

20, 35, 35, 43,

Long-Run Adjustments 56 53 35 39, 50 52 60 19,
57 53
7, 26,
Demand-Pull, Cost-Push, and Stagflation 59 32, 56 8 33 30 30, 47 58 27 14, 26
31
11, 21,
4, 19, 4, 14, 21, 28, 1, 10, 31, 24, 44,
Fiscal Policy 46 6, 20, 35 22, 24, 5, 37, 41 8, 16, 40
42, 44 18, 28 56 34, 58 49
37, 53

21, 32,
Spending and Tax Multiplier 25 34 28 44, 53 4, 31 44, 49 33, 44 56 25, 48
40

Marginal Propensity to Consume and Save 3, 7 18 9, 44 2, 58 19, 38 21, 32

Disposable Income 5

4 Financial Sector 2018 2017 2016 2015 2014 2013 2012 2010 2008 2005

Functions of Money and the Barter System 22 18 3, 42, 56 49

Liquidiity 7

Time Value of Money 52 49 35 58

Nominal and Real Interest Rate 3, 57 56 36, 53 24, 59 11 28 35

Reserve Requirenment 53 21 42 16, 40 9, 19 16 23

33, 35, 9, 11, 19, 26, 6, 12, 39,

Open Market Operations 12, 28 2, 37 24, 46 7, 24, 50 29 11, 28
60 14, 38 34 45

23, 24, 11, 29,

11, 16, 13, 16,
Monetary Policy 15, 35 14, 55 46, 52 6, 35 1, 22, 31 29, 49, 6, 46, 54 44, 54,
28 18, 40
57, 59 55

Money Demand 38, 43 44 30 6, 51 42, 48 11, 41 3, 12 35 3

5, 10,
Money Market Effect on Interest Rates and AD 47 6, 60 17 23 18 28
11, 17

Creating Money and The Money Multiplier 6, 34 48 15 13, 45 53, 60 48 40, 46 59 31, 54 8, 23, 56

Bank Balance Sheets 16 33 19 32 39

Rational Expectations 23 51, 58 20 31 51 36

Bond Prices 7 40 37, 53 43 43

Loanable Funds 29 40 57, 60

Federal Funds Rate 48

5 Long-Run Consequences of Stabilization Policies

Combining Fiscal and Monetary Policy 8, 29,

6, 17,
Phillips Curve 50, 54 24, 27 17, 38 30,56 32, 54 15 9, 51 23, 57 13, 30
45
Velocity and Quantity Theory of Money 13 44 7 13 3 16

Deficit Spending and Debt 47, 55 40 34 34 41 15, 18 1, 38 12 5, 10

Crowding Out 17, 36 16, 19 26, 42 50 27 14, 47 7, 24

23, 26,
Investment and Capital Stock 42 2 21 27 8, 28 39, 49 41
34
15, 24, 2, 10, 4, 9, 32, 40, 44, 7, 20, 30, 12, 25,
Capital, Productivity, and Long-Run Growth 2, 21 3, 22 16, 43 39, 54
30, 38 23, 25 33 57 59 43
Public Policy and Growth 59 31 5
Supply-side Fiscal Policy 39
6 Open Economy- International Trade and Finance

25, 36,
Balance of Payments 60 19 25 43 12, 55, 59 36, 55 36, 50 27, 42
46

Capital Inflow and Outlows 52 52 15

8, 31, 10, 26,

Appreciation and Depreciation 27 37, 55 18, 21 33 31 45 22
54 44

2, 24, 33,
Exchange Rates and Net Exports 9, 37 22 27, 29 59 21, 47, 57 5, 25 5, 55 27
55
14, 18, 5, 12,
Interest Rates Effect Exchange Rates 39 58 37 48 14, 55 60 45, 59
49 45

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