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Presented in this updated manual are two full-length practice tests-including one all-new macroeconomics test-with all questions answered and explained. Students will also find an extensive review of all AP test topics, which include economic systems, demand and supply, theory of consumer choice, economics in the public sector, costs, product markets, perfect and imperfect competition, monopolies,... More

Presented in this updated manual are two full-length practice tests-including one all-new macroeconomics test-with all questions answered and explained. Students will also find an extensive review of all AP test topics, which include economic systems, demand and supply, theory of consumer choice, economics in the public sector, costs, product markets, perfect and imperfect competition, monopolies, labor resources, the national income and gross domestic product, inflation and unemployment, fiscal policy, money and banking, monetary policy, determinants of economic growth, and international trade and exchange. Added new sections in this edition include game theory, Giffen goods, money demand, interest rate determination, and potential GDP.

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