CLEP Prep/CLEP Principles of Macroeconomics
CLEP Exam

CLEP Principles of Macroeconomics Prep

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  • Complete ≥80% of your generated study plan
  • Take at least 3 full-length mock exams with a ≥75 average
  • Submit your exam score within 60 days of the exam date
💰

$97

Exam Cost

⏱️

113 min

Time

🎓

3-6

Credits

~50/80

Passing

What You'll Study

Unit 2: Measuring Economic Performance

GDP calculation methodsinflation and CPIunemployment typesbusiness cycle phasesAD-AS model shiftsPhillips curve (short-run vs long-run)natural rate of unemploymentwage and price stickiness

Unit 3: Fiscal Policy and the Budget

government spending multiplierautomatic stabilizersbudget deficits and national debtcrowding out effectrole of expectations in policyrational expectations vs adaptive

Unit 4: Money and Monetary Policy

money supply M1/M2Federal Reserve toolsmoney multiplierquantity theory of moneyreal vs nominal interest ratesloanable funds marketFisher equation

Unit 5: International Economics

balance of paymentsexchange rate determinationtrade barriers and tariffscapital flows

About these external resources

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Course Notes

- OpenStax Principles of Macroeconomics 3e (openstax.org/books/principles-macroeconomics-3e): CC BY 4.0 - Khan Academy Macroeconomics (khanacademy.org/economics-finance-domain/macroeconomics) - CORE Econ (core-econ.org)

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