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
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What happens during a Recession and during Expansion?
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Deflation – Good or Bad?
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Two Main Problems with the Unemployment Rate
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How the Government Use Fiscal Policy to accomplish Economic Goals?
IV. Monetary Policy
- (Macro) Episode 32: Monetary Policy
- Figure 14.5 Charts in Motion
- Page 405 –Figure 14 (Monetary Policy)
- How Monetary Policy is used to accomplish Economic Goals?
V. Exit Ticket
VI. Final Exam:
- Monday & Tuesday
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