I. Belwork
Page 363 – Free Response Question
II. Objectives:
- Interpret and construct economic models to demonstrate the impact of monetary policy on interest rates and price levels in the short and long run
- Use the Phillips curve to show the nature of the short-run trade-off between inflation and unemployment
- Construct, analyze and interpret graphs demonstrating expansionary and contractionary monetary policy and the short and long rum impact on Prices, Inflation, and GDP
III. Classwork
- Economic Challenge
- Review & Discuss previous AP classroom Questions
IV. Exam Tomorrow
Review AP Classroom Questions for Exam Module 30-34
Possible FRQs – Phillips Curve, Money Supply Graph, LRAS,SRAS & AD