Ready to practice for your next free-response exam? ReviewEcon.com has you covered! Below are some of my favorite Free Response Questions from past AP Macroeconomics Exams. Click on the question, try it out, then watch the review video to walk you through it! If you have any questions, ask them in the video comments. And don’t forget to like and subscribe!
***Unfortunately, the College Board removed questions and rubrics from their website that are more than 3 years old. The videos are here, as I believe they will remain helpful for students preparing for the exam.
| Year | Question | CED | Topics | Video | Question/Rubric |
|---|---|---|---|---|---|
| 2025 Set 2 | #3 | Unit 3 | AS/AD Model, Income, Exports, Inflationary Gap, Fiscal Policy, Spending Multiplier, Automatic Stabilizers |  | Question/Rubric |
| 2025 Set 2 | #2 | Unit 4 | Ample Reserves Monetary Policy, Reserves Market Graph, Bond Prices, Monetary Policy Impact on AS/AD | | Question/Rubric |
| 2025 Set 2 | #1 | Unit 6 | Natural vs Actual Unemployment Rate, Phillips Curve, Fiscal Policy, Deficit, Loanable Funds, Balance of Payments, ForEx | | Question/Rubric |
| 2025 Set 1 | #3 | Unit 3 | Real vs Nominal GDP, Real GDP, AS/AD, Fiscal Policy, Spending Multiplier | | Question/Rubric |
| 2025 Set 1 | #2 | Unit 4 | Montary Policy, Limited Reserves, Ample Reserves, Reserves Market, Long-run Adjustment | | Question/Rubric |
| 2025 Set 1 | #1 | Unit 6 | Phillips curve, Foreign Exchange Markets, Employment, Trade Bariers, Balance of Payments | | Question/Rubric |
| 2024 Set 2 | #3 | Unit 6 | Fiscal Policy, National Income, Net Exports, Foreign Exchange Markets, Balance of Payments | | Question/Rubric |
| 2024 Set 2 | #2 | Unit 2 | Nominal GDP, GDP Deflator, Inflation, and Impact of Inflation (helped or hurt) | | Question/Rubric |
| 2024 Set 2 | #1 | Unit 4 | AS/AD, Long-run Equilibrium, Marginal Propensity to Consume, AD shift, Long-run Adjustment, Ample Reserves Monetary Policy, Reserves Market Graph, National Savings, Unemployment | | Question/Rubric |
| 2024 Set 1 | #3 | Unit 6 | Fiscal Policy, Crowding Out, Foriegn Exchange Markets, Capital Inflow, and Exchange Rates and Imports. | | Question/Rubric |
| 2024 Set 1 | #2 | Unit 4 | Real GDP Calculation, Demand for Money, Per Capital Real GDP, Standard of Living, Inflation, and Real vs Nonimal Change | | Question/Rubric |
| 2024 Set 1 | #1 | Unit 4 | Natural Rate of Unemployment, AS/AD, Recessionary Gap, Self Correction, Ample Reserves Monetary Policy, and Reserves Market | | Question/Rubric |
| 2023 Set 2 | #3 | Unit 4 | AS/AD, Consumer Confidence, and Ample Reserves | | Question/Rubric |
| 2023 Set 2 | #2 | Unit 6 | Net Exports, Balance of Payments, AS/AD, and Foreign Exchange Markets | | Question/Rubric |
| 2023 Set 2 | #1 | Unit 5 | Phillips Curve, Unemployment, Tax Multiplier, Spending Multiplier, Aggregate Demand, and Aggregate Supply | | Question/Rubric |
| 2023 Set 1 | #3 | Unit 2 | Unemployment, Output Gap, PPC, Labor Force Participation Rate, and Discouraged Workers | | Question/Rubric |
| 2023 Set 1 | #2 | Unit 6 | Phillips Curve, Ample Reserves Monetary Policy, Financial Capital Flows, and Foreign Exchange | | Question/Rubric |
| 2023 Set 1 | #1 | Unit 5 | AS/AD, Long-run self correction, Fiscal Policy, Loanable Funds, Bond Prices, Crowding out, and Growth | | Question/Rubric |
| 2022 Set 2 | #3 | Unit 5 | Fiscal Policy, Loanable Funds Market, AS/AD, and Growth | | Question and Rubric Deleted by College Board |
| 2022 Set 2 | #2 | Unit 5 | Real GDP, Per Capital Real GDP, Standard of Living, Production Possibilities Curve, Growth | | Question and Rubric Deleted by College Board |
| 2022 Set 2 | #1 | Unit 6 | AS/AD, Fiscal Policy, Spending Multiplier, Money Market, Bond Prices, Foreign Exchange Markets, and Currency Manipulation | | Question and Rubric Deleted by College Board |
| 2022 Set 1 | #3 | Unit 6 | Exchange Rates, Financial Capital Flows, Foreign Exchange Markets, Exports | | Question and Rubric Deleted by College Board |
| 2022 Set 1 | #1 | Unit 5 | AS/AD, Fiscal Policy, Spending Multiplier, Natural Rate of Unemployment, Loanable Funds, LRAS Shift | | Question and Rubric Deleted by College Board |
| 2019 Set1 | #2 | Unit 5 | Phillips Curve, Fisher Formula, Natural Rate of Unemployment | | Question and Rubric Deleted by College Board |
| 2019 Set 1 | #3 | Unit 6 | Loanable Funds, Capital Flows, & Foreign Exchange | | Question and Rubric Deleted by College Board |
| 2019 Set 2 | #1 | Unit 5 | AS/AD, Long Run, Fiscal Policy, Loanable Funds, Growth | | Question and Rubric Deleted by College Board |
| 2019 Set 2 | #2 | Unit 6 | Balance of Payments, Foreign Exchange Markets, Captial Flows | | Question and Rubric Deleted by College Board |
| 2019 Set 2 | #3 | Unit 1 | Production Possibilities Curve (PPC), Growth, Comparative Advantage, Terms of Trade | | Question and Rubric Deleted by College Board |
| 2018 | #2 | Unit 5 | Loanable Funds, AS/AD, Growth | | Question and Rubric Deleted by College Board |
| 2018 | #3 | Unit 2 | Comparative Advantage, Unemployment, Labor Force, PPC | | Question and Rubric Deleted by College Board |
| 2016 | #2 | Unit 4 | Bank Balance Sheet, Money Multiplier | | Question and Rubric Deleted by College Board |
| 2012 | #3 | Unit 3 | AS/AD, Aggregate Demand, Real Wages, Long-Run Aggregate Supply | | Question and Rubric Deleted by College Board |