Economics – 1/09/19

I.  Bellwork

Which of the two measures listed below do you believe is the best for determining unemployment?  Explain.

II.  Objectives

  • Review concepts and discuss how fiscal policy is used to achieve the basic economic goals of society.
  • Identify how the Federal Reserve uses monetary policy as a means to achieve macroeconomic goals

III.   Chapter 13 Review Notes:

  • Three Main Economic Goals
  • What happens during a Recession and during Expansion?

  • Deflation – Good or Bad?

  • Two Main Problems with the Unemployment Rate

  • How the Government Use Fiscal Policy to accomplish Economic Goals?

  IV.  Monetary Policy

V.  Exit Ticket

VI.  Final Exam:

  • Monday & Tuesday


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