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Principles of Macroeconomics CLEP Test Study Guide
CLEP History and Social Sciences Tests offer you a broad variety of subjects to CLEP out of in order to get Social Science credits. You can study human interactions and developments with the Human Growth and Development CLEP, Introductory Psychology CLEP or the Introductory Sociology CLEP. These CLEP Tests cover information on the brain, the way we grow and why we do things. Some of the other CLEP tests in this category may need more study as they cover hundreds of years of policy, government and history. Take the time now to decide which area you most want to CLEP out of.

CLEP: CLEP History and Social Sciences Study Guides: Principles of Macroeconomics CLEP

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Principles of Macroeconomics CLEP Test Description
The Principles of Macroeconomics CLEP test covers the information that is taught in one semester introductory course at the college level in macroeconomics. It covers all the different areas such as supply, demand, market interactions, inflation and policy objectives.

You will be tested on measurement concepts such as GDP (gross domestic product), investment, unemployment, scarcity, business cycle and growth. You will also need to know about the Federal Reserve Bank, how it operates and what it does to stimulate and regulate the economy.

It is important to understand that you do not have to answer each and every question correct to get a passing score. You need to get 50 of 100 correct (in most cases) to pass. The people the write the CLEP tests want you to know about half of the information to get a passing score.

Download our gift to you, Study Tips for CLEP Students, to get you started.

Credits: 3

# of Questions: 80

Amount of time to complete the test: 90 minutes

Rank of Difficulty: 4

Detailed information in this guide includes:

• Basic Concepts
• Scarcity: The Nature of the Economic System
• Opportunity Cost Production Possibility Curves
• Demand, Supply and Price Determination
• Measurement of Economic Performance
• Gross Domestic, National Products and National Income Concepts
• Inflation and Price Indices
• Determination
• Aggregate Supply and Demand - Keynesian and Classical Analysis
• Circular flow of Income and Product
• Components of Aggregate Supply and Demand
• Fiscal Policy
• Monetary Policy
• Money and Banking
• Effectiveness of fiscal and Monetary Policy
• International Economics and Growth
• Comparative Advantage
• Trade Policy
• International Finance
• Origin and Evolution of Money
• Central Banking
• International Finance
• Sample Test Questions
• Test-Taking Strategies
• What Your Score Means

Also, download our gift to you, Study Tips for CLEP Students, to get you started.

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