Economics – 1/19/17

I.  Bellwork

  1. Draw graph which illustrates demand-pull inflation.
  2. Provide a specific example of -demand-pull inflation
  3. Draw graph which illustrates cost-push inflation.
  4. Provide a specific example of cost-push inflation

II.  Objective

  • Identify how the Federal Reserve uses monetary policy as a means to achieve macroeconomic goals
  • Construct a brace map describing the various monetary policies used by the Fed and their impact on the money supply.

III. Chapter 13 Quiz on iLearn Today –  Saturday

IV.  Discussion\Notebook Work

A. Fiscal Policy and the Business Cycle

  • When is the best time to cut government spending and/or increase taxes?
  • When is the best time to increase government spending and/or decrease taxes?
  • Is there a benefit to inflation?

B.  Monetary Policy

V.  Classwork Work:

  • 14-2 questions
  • Page 407 Q&A 2, 3, 5 & 6
  • Create a Brace Map based upon Page 405 –Figure 14.6 (Monetary Policy)


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