Economics – 12/20/12
I. Bellwork: Q&A
By how much will the money supply increase if:
- $25,000 is deposited and the reserve requirement is 10%
- $25,000 is deposited and the reserve requirement is 5%
3. List 3 ways the Fed can increase the money supply
II. Objective
- Demonstrate an understanding of the Federal Reserve, its role, and the use of monetary policy.
III. Project Due Tomorrow
IV. Discussion
V. Chapter 14 Test Tomorrow
Know:
- Barter Economy
- Commodity Money
- Characteristics of Money
- Functions of Money
- Reserve Requirement Worksheet
- Monetary Policy Tools Expand & Contract (Fig. 14.6)
- Tight & Easy Money Policy
- Monetary Policy (easy a & tight) impact on interest rates
- Figure 14.4 page 402
VI. Classwork
- Page 399 Content Vocabulary (13)
Page 407 Q&A 2-8
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