AP Macroeconomics Exam 2024 Last Minute Crash Review

[@maisamtejani]

As someone who has clearly understudied and now has their test in t-minus 32 hours, thank you so much for this video, helped out so much.

[@ReviewEcon]

You're very welcome! Good luck on your exams!

[@westcoyote2364]

T-minus 11

[@alexhedrick8684]

@@westcoyote2364 bros just like me 😭😭

[@grace_thi6328]

got it in like uhhhhh an hour...

[@ReviewEcon]

Good luck!

[@colinbean2490]

Just started studying 8 minutes till exam

[@ReviewEcon]

😅 good luck!

[@Messup7654]

How’d it go?

[@pyxis3664]

Got my exam tommorow and studying last minute 😭 this is a livesaver thank you 🙏🙏

[@ReviewEcon]

You're welcome! Good luck!

[@localmilfchaser6938]

W pfp

[@jaxsenwaddington5179]

It's been a semester since I took macro, this is a Lifesaver.

[@ReviewEcon]

Good luck to you on the exam!!

[@kavyaaggarwal1669]

Loved the video! It was easy to understand and made me feel like I'm not completely going to fail the AP Macro exam

[@ReviewEcon]

You got this!! Good luck!

[@saronkassa1]

Good luck to us both!

[@quantumatics5304]

Easily the most underappreciated of the AP review youtube channels. Concise, clear, effective - ReviewEcon is the goat.

[@ReviewEcon]

Aw! Thank you! Good luck on your exams!

[@Luke-tw2qp]

Test in two days I’m definitely ready but it never hurts to be sure. This is also one of the best educational videos I’ve ever seen always to the point and not time wasted.

[@ReviewEcon]

Thank you! Good luck on that exam!!

[@bigmonkey7305]

Thank you, I'm taking the test tomorrow. I took AP Macro and AP Gov in one class, and we learned AP Macro the first semester, so I barely remember anything despite getting a high A.

[@ReviewEcon]

Lots of students in your position. Definite disadvantage on the exam, but you can do it! Good luck!

[@twizzysportstech]

EXAM TOMORROW LETS LOCK IN

[@ReviewEcon]

Good luck!

[@allaging7251]

Same I’m locking in

[@XD-sb5kn]

You literally explained everything in 40 minutes that’s insane thank u so much extremely appreciated

[@ReviewEcon]

You're very welcome! Good luck on your exams!

[@sarahvincere]

i have my test in 2hrs and i just started studying wish me luck guys 😭😭😭😭😭

[@ReviewEcon]

Good luck!

[@localmilfchaser6938]

I’ve been studying since late march and I still can’t memorize much lol good luck

[@Anthony-hj1gy]

Same🤣

[@Pjones08]

Macro Test is tomorrow, and this video helped boost my confidence for the test! Thank you for making it!

[@ReviewEcon]

You're welcome! Good luck!

[@daniell4594]

I can't explain the gratitude I have for you. You helped me get a 5 on my Microeconomics exam 2 years ago and here I am again watching one of your great videos but for Macro this time. You're a one of a kind teacher, Thank you.

[@ReviewEcon]

I'm so glad to know you've found my videos helpful! Good luck tomorrow! You got this!!

[@user-hs2lg1sq8d]

Normally i play review videos at 1.5 times speed but wowza you wernt kidding about how heafty the info was, thank you

[@ReviewEcon]

There's a lot of content on this exam!

[@Universeguy.]

The exam is tomorrow, I don't know anything about graphs with "ir" in them. But I will not go gentle 🙏

[@ReviewEcon]

Good luck!

[@reversestudios1055]

As someone who has studied nothing more than unit 1 and has the exam tomorrow, I’ll be thanking you and cursing myself

[@ReviewEcon]

I wish you the very best of luck tomorrow!!

[@genjitsu_kikai7665]

Taking the APs next day morning and found this video - truly my lifesaver. Thank you so much for this video.

[@ReviewEcon]

You're very welcome! Good luck on your exams!

[@passi0nfruitluva]

hey Mr. Reed! i took your ep econ class senior year online during covid and i had you for history the year prior. now i'm an econ major!! 😊 i'm watching this video and a few others of yours and jacob clifford's to cram for finals. i frequently use your website/videos and recommend them to my classmates all the time. thanks for being a great teacher :) & i hope all is well!

[@ReviewEcon]

Hi Whitney! So awesome you became an Econ Major! I'm glad my CoVid teaching didn't ruin econ for you (Ugh that was terrible!) 😅. I am so glad you found my site and videos helpful. Good luck on finals, and your future studies. Also, enjoy your summer!

[@jamesho7280]

Hi, Mr Reed. I have been studying for this exam. Even though economics was super difficult for me, I always appreciated how you were one of the best, most caring teachers I ever had. It was fun talking about dimensional analysis or physics in your class alongside engaging with my groups in economics, and you have an awesome KZbin channel and website. Doing the total review booklet at ball was a great idea. I will try my best at the AP exam today, and I hope to make you proud!

[@ReviewEcon]

Thank you James!! It was seriously an honor to have you in my class. Good luck on the exam today!!

[@jamesho7280]

@@ReviewEcon OMG MR REED I GOT A PERFECT 10 I'M GOING TO BE ON YOUR WALL!!! :DDDDD

[@kryton1873]

21:27 . savings account does not counted in M1 money supply

[@ReviewEcon]

Savings is M1 today, though many resources still say it's M2. You can read about the change here: fredblog.stlouisfed.org/2021/05/savings-are-now-more-liquid-and-part-of-m1-money/

[@user-eg1ft1oi1h]

That helps so much!! Thank you and I appreciate 😊

[@ReviewEcon]

You're welcome! Good luck!

[@petern9776]

Thank you for the amazing last minute review! I've got AP Macro in an hour and a half :')

[@ReviewEcon]

You're very welcome! Good luck!

[@charliecharliecharliecharlie_]

Morning of review

[@ReviewEcon]

Good luck!

[@karamurray7190]

Not me watching this as a last minute Hail Mary less than 2 hours before my exam

[@Laggyboi]

me too you got this!

[@ReviewEcon]

Good luck!

[@deathrainbows9723]

Thank you!! I really appreciate the work and love you put into these videos for students. Take care

[@ReviewEcon]

You're very welcome! Good luck on your exams!

[@stellapaulsen9008]

this video is so good, one of the best review vids ive ever watched. thank you!

[@ReviewEcon]

Aw! Thank you! Good luck on your exams!

[@maxwellli7057]

my final i need to get a 94% on is in 12 hours and this is the best macro review i have seen!

[@ReviewEcon]

Good luck! Getting that 94%🤞🤞🤞

[@jessicakwon4990]

how did you do? :)

[@maxwellli7057]

@@jessicakwon4990 I got 96!

[@justind9901]

Thank you my good sir, I have been studying your information intensively for my exam on Str8erline! I will let you know how I do, it is a final exam = final grade test! I have faith that your hard work and effort in these videos will pay off. I will post tomorrow to let you know how I did. Thank you for all that you have done.

[@ReviewEcon]

You're very welcome! Good luck on that exam!!

[@santiagofinol9783]

praying for a 3🙏 ill try my best checked so many frqs i should be able to do them

[@ReviewEcon]

You got this! Good luck!

[@pierceballing3626]

Chat am I cooked?

[@ReviewEcon]

Good luck! You got this!

[@elizabethv7831]

Yes

[@tylerzelada9362]

Bro, you just saved my whole career. Thank you so much from Cali, I have a fighting chance. Great work!

[@ReviewEcon]

Happy to help! :-)

[@youssefzaitouni5800]

Going in the exam in 20 goodluck

[@ReviewEcon]

Good luck!

[@yeaolon]

Hope you did well Youssef

[@chrisykid2163]

How does the make up test work, I think I might be sick

[@ReviewEcon]

You'd have to talk to your coordinator. Good luck! 😄

[@mariaa8659]

Hi Jacob, thanks to your videos and review games I passed the Micro and Macro Clep exams! You saved me 2 whole semester length classes:)

[@ReviewEcon]

Awesome! Congratulations! 🤘😎🎉🎊

[@ABigDoofus0202]

You're amazing! Your videos have helped me this whole school year and I feel ready for the AP exam because of you! thanks a ton for a wonerful year :)

[@ReviewEcon]

Thank you for the kind words! Good luck tomorrow!! 🤘😎

[@Laggyboi]

You helped me out so much on my micro exam and now this is gonna help me do well on the macro exam 💪Thanks!

[@ReviewEcon]

You're very welcome! Good luck!

[@Laggyboi]

@@ReviewEcon Thank you so much this review was actually a lifesaver in my test today! Keep doing what you're doing!

[@ReviewEcon]

@Laggyboi awesome! 😄

[@Real_r]

I took the class 18 months ago this is a great refresher thanks!!

[@ReviewEcon]

You're welcome!

[@localmilfchaser6938]

Why are u still watching

[@Habanero_art]

you speedrun everything my teacher taught in a semester, and you did a lot more better than my teacher explaining stuff lmaoo test was super easy after watching this video, i know exactly everything. You are such a top g legend

[@ReviewEcon]

Awesome! Rumor is it was a hard exam too!

[@sagegood1777]

TEST IN 30 MINS this was my only form of studyinf LMFAO god bless u sir

[@ReviewEcon]

You're very welcome! Good luck!

[@eurydice5004]

ap macro exam in a little over 24 hours... i've been watching your videos ever since the start of the school year and it's helped me so much! hoping i get a 4 or above

[@ReviewEcon]

Awesome! Good luck on your exam!

[@strohb98]

Amazing video, right to the point - appreciate the help!

[@ReviewEcon]

Thank you! Good luck on your exams!

[@daniella8579]

Thank you so much for this lovely review!!! So comprehensive and I feel pretty good about the exam now :)

[@ReviewEcon]

Awesome! Good luck tomorrow!

[@juinorgaming3417]

Taking the test in a few hours thanks for the video, really cleared all the stuff I was confused on

[@ReviewEcon]

You're welcome and good luck!

[@aidenrivera]

I am not ready at all for this test but this has given me a confidence boost. At least i understood it a bit! All i need is a 3!!

[@ReviewEcon]

Good luck tomorrow! You got this!

[@pleasedyes]

Exam in 2 hours, thank you 🙏 Gonna watch this once then 4 times on 2x speed

[@ReviewEcon]

You're very welcome! Good luck!

[@supernovic99]

This video was seriously really useful. I'm definitely gonna watch a couple of times to see if i missed anything i'm supposed to know and to just get the info into my head. Watching this as 2x speed rn lol. Thanks a lot! I really appreciate your help

[@ReviewEcon]

You're very welcome! You may want to check out the Macro Math and Macro Graphs video as well. Good luck!! Jake

[@supernovic99]

@@ReviewEcon alr i def will. Thank you

[@supernovic99]

@@ReviewEcon I have a question. The lower end of the reserve market graph is the interest on reserves right. The policy rate should be between the discount rate and interest on reserves rate right?

[@ReviewEcon]

The IOR moves the lower end of the demand for reserves (not the entire graph). The policy rate is found at the intersection of the supply and demand for reserves. When there are ample reserves. The supply curve will intersect the demand curve on the lower end of the demand for reserves, so the policy rate will be equal to that lower plat portion of the demand for reserves. When there are limited or scarce reserves, the supply of reserves will intersect the demand curve in the downward sloping portion of the demand curve. I hope that helps!

[@supernovic99]

@@ReviewEcon oh alr that makes sense. Thank you.

[@div2608]

20:51 won't transfer payments increase AD, causing an expansion? So won't there be an increase in transfer payments during an expansion?

[@ReviewEcon]

An increase in transfer payments will shift AD right, but an increase in actually AD decreases transfer payments (because fewer people qualify for unemployment , etc. when rGDP increases). Flipping cause and effect is easy to do in Macro and it can cost you points, so be careful! Good luck!

[@div2608]

@@ReviewEcon thank you so much! i am confident in my ability to get a 5 because of you and jacob clifford!

[@kingdeath9691]

Boy am i ready for Macro now also at 38:12 i believe u say decrease but at the top it says increase

[@ReviewEcon]

I'll look for the error and make a fix for next year. Good luck!

[@mr.theman8079]

Watching this while walking into testing room

[@ReviewEcon]

Good luck!

[@nataliekhine]

could u pls explain this question to me ? (this is mcq #58 from the 2014 macro exam) If wages and prices are perfectly flexible and inflation is correctly anticipated, then an expansionary monetary policy will affect the real output and price level in which of the following ways? The correct answer is Real Output has no change and Price Level increases.

[@ReviewEcon]

See 4:45 in this video for an explanation. kzbin.info/www/bejne/b6HEmWemp5mtqNE Good luck tomorrow!

[@mr.chicken4093]

This video is perfect to revise the AP concept and also my exam is in few day :(

[@ReviewEcon]

Good luck on your exams!

[@idknoname120]

Wish me luck guys tomorrow is the big day. Now lets start the video

[@ReviewEcon]

Good luck! 😄

[@kaiserinjacky]

Great review! Thank you so much!

[@ReviewEcon]

You're very welcome! Good luck on your exams!

[@user-ti1ef7eu4i]

You are the best teacher in the history of economics continue with good teaching skills

[@ReviewEcon]

Aw! Thank you! Good luck with your studies!

[@nanako7596]

Thanks for the video! My exam is close to half an hour away and I feel a lot better after this review. 😂

[@ReviewEcon]

Good luck!

[@RasplinYT]

Super helpful

[@ReviewEcon]

Thank you! Good luck with your exams!

[@emerson7286]

exam in an hour and i just started studying 🙏🙏

[@ReviewEcon]

Good luck!

[@leonardolopez-manteca4493]

Awesome video! Thank you soooo much!!!

[@ReviewEcon]

You're very welcome! Good luck on your exams!

[@Imyour_dadsdadbro]

We mustn’t disappoint with such gained knowledge 🦅🦅🦅

[@ReviewEcon]

That's right! 🤘😎

[@crispo5136]

AP test in 8 hours and I can say, I am soooooooooooooooo grateful for this video

[@ReviewEcon]

Thanks for watching! Good luck on your exam!

[@crispo5136]

@@ReviewEcon Just finished it a few hours ago. Think I did pretty well! Thanks so much for the help.

[@angadbajwa2313]

What is the difference between reserve market and money market?

[@ReviewEcon]

They are just completely different models of the monetary system. Generally we use money market limited reserves and the reserves market for ample reserves systems. Good luck!

[@EmmaDinwoodie]

thanks king got to lock in for tmw

[@ReviewEcon]

Good luck!

[@ismail7622]

Appreciate the video helped me a lot, will give my exam tomorrow in about less than 8 hours haha

[@ReviewEcon]

Good luck!! You got this!

[@valentinalagraba8647]

Exam in 6 hours 🙏🏼 this video helped me understand many things i didn’t know

[@ReviewEcon]

Good luck!!

[@williamdickson5696]

exam in 5 hours. YOU ARE A LITERAL LIFESAVER

[@ReviewEcon]

Good luck!!

[@_DuckyBhai]

@williamdickson5696 How did it go?

[@williamdickson5696]

@@_DuckyBhai harder than expected the ample reserves graph was on the frq for some reason but overall not too bad

[@juliexiao7285]

Thank you so much for this video? For ample reserves, if there was a question regarding whether increase the discount rate or the IOR when there's an inflationary gap, what would we choose?

[@ReviewEcon]

IOR... Discount rate is one of the administered rates, but changing it does not change the policy rate. Only interest on reserves changes the policy rate (when there is an ample reserves system).

[@juliexiao7285]

@@ReviewEcon Thank you so much! If the question didn’t state whether it was ample or scarce reserve system will it still be IOR?

[@Shion-xt1on]

Thank you so much!!! Really helps a lot

[@ReviewEcon]

You're welcome! Good luck on your exam!

[@user-il1cl1rt5z]

TEST WAS SOOO HARD I AM hope that curve will be good

[@ReviewEcon]

Good luck when scores come out! It is definitely a very difficult exam!

[@FermionPhysics]

Your videos are better than the other guy

[@ReviewEcon]

Thank you! Good luck on your exams!

[@user-ph9iv9yt5p]

Watching this 20 minutes before the exam

[@ReviewEcon]

Good luck!

[@brandonluu1707]

Thank you so much, exam soon

[@ReviewEcon]

Good luck!

[@user-sc5hd1rq1v]

There is no fat in this video. Great work!

[@ReviewEcon]

Thank you! Good luck on your exams!

[@mustafadinc8539]

Thanks a lot for the video

[@ReviewEcon]

You're very welcome! Good luck tomorrow!

[@ilikechips2596]

hello, how does withdrawal of money by a customer change the require reserves in the bank balkance sheet?

[@ReviewEcon]

When somebody withdraws money from their demand deposit account, both excess reserves and required reserves decrease. Total reserves decreased by the full amount of the withdrawal. Required reserves decrease by the percentage of the withdrawal set by the central bank. Excess reserves decrease by the amount of the withdrawal that is left after subtracting required reserves. I hope that helps!

[@kevinlawson3033]

Cant remember the ezams but im sure i passed them at least ik them for the exam

[@ReviewEcon]

Awesome!

[@primalinstinct875]

last minute cram session is a go

[@ReviewEcon]

Good luck tomorrow!

[@pritam2355]

Heard there could be lots of ample reserve questions this time, is there any truth to that?

[@ReviewEcon]

Can't be sure, but I would be surprised. This is the first year with ample reserves on the exam, and historically the college board has started small and worked from there. As a result, I expect It will be on the exam, but I'd be surprised if it was a large portion.

[@pritam2355]

@@ReviewEcon There were about 7-8 questions of Ample reserves on the MC

[@anikaparkhi2702]

Test starts in an hour and I haven’t studied ❤❤

[@ReviewEcon]

Watching this is studying! :-)

[@adamgreen5112]

Great video!

[@ReviewEcon]

Thank you! Good luck on your exams!

[@Cincyboi2028]

exam in 1 hour thank you for this

[@ReviewEcon]

You're welcome! Good luck!

[@polarnnico]

Do the people on the AP exam want us to shift the adminstered or the IOR when it comes to ample reserves

[@ReviewEcon]

It will depend on what the question asks. If they ask about IOR shift only the bottom (Up or down). If they ask about the discount rate, only shift the top (doesn't change the PR). If they ask about administered rates, shift both.

[@its_ndru]

is 1:12 “the inability of limited resources to satisfy limited resources” a typo?

[@ReviewEcon]

Yep! I'll have to fix that. It should say " the inability of limited resources to satisfy unlimited wants."

[@geofreysakala2461]

You are the best so far sir

[@ReviewEcon]

Thank you! Good luck on your exams!

[@geofreysakala2461]

@@ReviewEcon Thanks

[@isaacstipp3339]

Who’s Ready to get a 5

[@ReviewEcon]

You are! 🤘😎

[@argenti3324]

Best of luck friends

[@ReviewEcon]

Good luck!

[@thekingofgaming7497]

bro i feel like i dont understand anything but I keep getting 56-58/60 on practice MCQs. wtf is this test.

[@ReviewEcon]

You know more than you think!! :-)

[@taydaegg6489]

Ty but it’s so over

[@ReviewEcon]

Oh no! Good luck anyway!

[@creepstr4678]

Me and my friend started praying to you while we studied

[@ReviewEcon]

😂 😅 Good luck on your exams!

[@creepstr4678]

@@ReviewEcon interest rates kicked our asses 💔

[@ReviewEcon]

On the bright side, you have identified an area to study when it comes to the AP exams!

[@anika5094]

Exam in an hour!!!! Wish me luck!!

[@ReviewEcon]

Good luck!

[@frankmcd23]

I take the makeup tomorrow wish me luck boys

[@ReviewEcon]

Good luck! 🤘😎

[@nuhanazad2788]

bless your soul

[@ReviewEcon]

Good luck tomorrow!

[@hayliebanesgolf]

thabk you so much

[@ReviewEcon]

You're very welcome! Good luck on your exams!

[@xdcvn]

don’t even have enough time until the exam to finish this video 😅

[@ReviewEcon]

On no! Well, I wish you good luck!!

[@whatsthememe2913]

Hey I have a question, is the 2023 AP Macro exam is there going to be no Keynesian AD/AS model or any references to it? My teacher went over that stuff in class and Im confused as to why it is not on here. Thanks in advance!

[@ReviewEcon]

Keynesian theory is not covered by name and it is integrated into the mainstream AS/AD model, though there have been a couple MC questions about a horizontal AS (Keynesian range). Essentially SRAS and policy action to closed short run output gaps is Keynesian, while LRAS and long run self correction is classical economics. I hope that helps! Good luck on your exams!

[@typicalsneakerco]

So we’re all here the night before the exam 😅

[@ReviewEcon]

At least you're not alone! 😅 Good luck to you and everyone else tomorrow!

[@dilianabonilla7473]

Thank you

[@ReviewEcon]

You're very welcome! Good luck!

[@jen5494]

My teacher was pretty bad and my exam is on Friday loll Im gonna start praying

[@ReviewEcon]

I wish you the best of luck!

[@jen5494]

@@ReviewEcon thanks!

[@user-rp4vc6mx3f]

Thank u sooooooo much!

[@ReviewEcon]

You're very welcome!

[@user-fz3hp7bk2s]

Thanks! Great help!

[@ReviewEcon]

You're very welcome! Good luck on your exams!

[@unerudite2046]

thanks!!!!!!

[@ReviewEcon]

You're very welcome! Good luck on your exams!