FRQ Review

Full AP-style free-response practice sets developed by APEconLabs. Each set includes 3 questions with complete answer keys and scoring guidelines.

How to use: Attempt all questions before opening the answer key. Each PDF includes both the questions and the scoring guidelines. Scroll past the questions to check your answers.
Practice Set 1
Macro Practice Set 1
3 questions · Phillips Curve, Investment, Exchange Rates, Open-Market Operations, GDP Calculations
Practice Set 2
Macro Practice Set 2
3 questions · Unemployment, AD-AS, Reserve Market, Real GDP, Loanable Funds, Exchange Rates
Practice Set 3
Macro Practice Set 3
3 questions · MPC, AD Shifts, Reserve Market, GDP Deflator, Inflation, Fiscal Policy, Exchange Rates
Practice Set 1
Micro Practice Set 1
3 questions · Monopoly, Deadweight Loss, Price Floor, International Trade, Game Theory
Practice Set 2
Micro Practice Set 2
3 questions · Perfect Competition, Elasticity, Positive Externality, Subsidy, Game Theory
Practice Set 3
Micro Practice Set 3
3 questions · Monopoly & Price Discrimination, Production & Costs, Price Ceiling, Per-Unit Subsidy