AP Economics – 2/19/19
I. Bellwork
- P311 – MC 1-5
II. Objectives
- Examine how recessions and inflation impact the deficit
- Determine the fiscal policy consistent with counteracting recessionary and inflationary gaps
- Analyze how government debt impacts the economy
- Identify how the Federal Reserve uses monetary policy as a means to achieve macroeconomic goals
- Construct a flow map describing the various monetary policies used by the Fed and their impact on the money supply.
III. Discussion/Notes
- Recession & Inflation Impact on Deficit – Bridge Map
- Fiscal Policy – Impact of the Deficit – Cause & Effect Map
- Impact of Borrowing
- Monetary Supply Graph – p305
- Impact of Expansionary & Contractionary Monetary Policy – bridge map p307
- Taylor rule v. Inflationary Targeting
IV. Materials/Videos:
Monetary Policy
(Macro) Episode 30: Creating Money
V. Module 31 & 32 Questions on iLearn
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