I’m a freshman taking both and I’m using 5 steps to a 5. Is that good, or should I invest in a different prep book as well?
5 steps to 5 is really good for macro from what I’ve heard @bachbend everyone on CC and my macro teacher has either recommended it or said it was a good book.
Oh! And I forgot to mention that the textbook I am using is Hubbard and O’Brien Macroeconomics 5e. Thanks again! 
Hey everyone. What topic are you all on currently?
I just recently finished micro. Used the CFA prep book (great resource) and Barrons. Currently scoring 49-52/60 on the multiple choice portion of practice exams I’ve taken. Just need to touch up on the graphs for FRQs and I think I’m golden.
lmao I’m in Macro and I have no idea what we’re doing. I have PR but it’s useless because PR has no content in it. Time to get Barron’s!
We’re on federal reserve/money market graph… All I know at this point is the AS/AD graph XD
Finished Macro. On monopolies, pure competition, cost and revenue curves et cetera
I’m taking the course at CTY online, and so far I’ve learned alot. Idk if it’s because I’m so into economics, but I took the official 1995 test and I got a “5” ( although my teacher told me that’d without subtracting the points for wrong answers, and I got 13 wrong, so he told me that the requirement for a five has risen, so I probably would have gotten a four) either way, I’m glad I took CTY as I will be getting the official 2010 administration for free, which I think was after the changed it so wrong answers don’t count against you.
I’m taking the Macro test. I’m super nervous. I need a score of a 4. I’ve been using ACDC Econ and my 5 Steps to a 5. I still have so much left to learn since we didn’t cover it all in class…
Do I have to memorize important antitrust laws, or should I just know what antitrust laws are / are supposed to do?
Thanks!
How realistic are 5 Steps to a 5’s practice test to the actual AP exam? Also, does anyone have any actual practice exams?
The 5 Steps to a 5 seem a bit harder while also being more organized than the real one. What I mean by organized is that the questions are ordered by topic rather than being randomly distributed. Even with this advantage, I still tend to get 3 to 4 more points on the real tests which is what usually pushes me from a 4 to a 5 on practice tests.
I took macro last year, and I received a 5 on the exam. I did not have a book, but I took about 4 or 5 practice exams and did additional free response questions. I really enjoyed the class and thought the exam was a breeze. Make sure you know what shifts each graph and pay attention to the foreign exchange graphs.
Anyone ready for this test, tbh nervous for macro but ready for micro
@czebos I’m so ready for Macro. Micro, not so much. We’re not even done with the material yet and uh…I still haven’t studied. I’m predicting a 5 for Macro and a 3 for Micro.
This is a question for macro: How does taxation shift the LRAS?
Taxation does not affect the LRAS curve. The LRAS curve only moves when there is a permanent increase in productivity. Taxation affects the SRAD curve, however. Check out the ACDC videos for more info
Just started studying for the first time since December. Need a 5 for placement. #PowerCram
@bsssdsj22 I know it does because in the 2015 macro FRQ, question #1 asked what would happen to the LRAS curve after income tax is lowered, and these were the accepted responses https://secure-media.collegeboard.org/digitalServices/pdf/ap/ap15_macroeconomics_sg.pdf (Question 1 e 2)
I just don’t get the explanation.
And “does not change” is an acceptable answer. There is no change in productivity, so the LRAS does not change. I’m not sure about the other two acceptable answers, but I was taught that LRAS does not change unless productivity is permanently changed. Technology, for example, might move the LRAS curve to the right.
Same. I started studying Econ two days ago.