Economics – 12/11/19
I. Bellwork: Q&A
A. Construct a formula (<,=, >)which demonstrates what needs to occur to cause each of the following:
- Surplus
- Deficit
- Balanced Budget
II. Objectives:
- Examine the impact of deficits, surpluses, and the national debt on the private sector.
- Express the conditions related to deficits, surpluses, and a balanced budget using equations.
- Determine the meaning of words and phrases as they are used in a text and relate to government spending
III. Section 10-3 Discuss Pages 277-282
- 10-3 Notes (Copy slides 3 & 4 in Your Notebook)
- Crowding Out (Understand the concept and how it occurs)
- When the government borrows money – Interest Rates ? causing consumption to ? , savings to ? and private investment to ?.
IV. Classwork Due Today
- Vocabulary 10 Terms P 277
- Page 282 Q&A 2-4
- Crowding Out questions on iLearn (Based on the video)
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