AP Macro – 2/14/2020
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
Macro 4.1- Money Market and FED Tools (Monetary Policy)
Money Growth and Inflation- Macro Topic 5.3
Money Growth and Inflation- Macro Topic 5.3
§ Recession & Inflation Impact on Deficit
§ Fiscal Policy – Impact of the Deficit –
§ Impact of Borrowing
§ Monetary Supply Graph – p305
§ Impact of Expansionary & Contractionary Monetary Policy – p307
§ Taylor rule v. Inflationary Targeting
IV. Materials/Videos:
(Macro) Episode 30: Creating Money
Monetary Policy Graphs (1 of 2) – Macro 4.6
V. Classwork
Money Multiplier Practice (OLD)
V. Module 31 & 32 Questions on iLearn
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