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

• Monetary Policy
• Figure 14.5 Charts in Motion

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)

Economics F2016