{"id":16947,"date":"2019-02-21T00:09:01","date_gmt":"2019-02-21T05:09:01","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16947"},"modified":"2019-02-21T08:36:08","modified_gmt":"2019-02-21T13:36:08","slug":"ap-economics-2-21-19","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2019\/02\/21\/ap-economics-2-21-19\/","title":{"rendered":"AP Economics &#8211; 2\/21\/19"},"content":{"rendered":"<p>I.\u00a0\u00a0<b> Bellwork<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The economy of Dodgelandia is experiencing an inflationary gap.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">a. How could the Central Bank use <\/span><b>monetary policy<\/b><span style=\"font-weight: 400;\"> (3 specific examples) to return the economy to full employment? <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">b. Use a correctly labeled graph of the money market to show how this monetary policy would impact the equilibrium interest rate.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">c. Describe how the monetary policy in part (a) would affect the AD\/AS graph, the aggregate price level and real GDP in Dodgelandia.<\/span><\/p>\n<p><strong>II.\u00a0\u00a0Objectives:<\/strong><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Use the classical model of the price level<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Explain why efforts to collect an inflation tax by printing money can lead to high rates of inflation and even hyperinflation<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Define the types of inflation cost-push, demand-pull, wage-price spiral<\/span><\/li>\n<li>Construct, analyze and interpret graphs demonstrating expansionary and contractionary monetary policy and the short and long rum impact on Prices, Inflation, and GDP<\/li>\n<\/ul>\n<p><strong>III.\u00a0\u00a0<\/strong><span style=\"font-weight: 400;\"><strong>Discussion: \u00a0P318-325.<\/strong> <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A.\u00a0 Money and Inflation<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\">The Classical Model of Money and Prices<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The Inflation Tax<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The Logic of Hyperinflation<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">B.\u00a0 Moderate Inflation and Disinflation<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0 \u00a0 1.\u00a0 Cost Push &amp; Demand Pull<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=USj52Vlvd5M&amp;list=PLBC35DEA1D1A98034&amp;index=11\"><b>Inflation- Cost-push &amp; Demand-pull- Macro 3.6<\/b><\/a><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a02. The Output Gap and the Unemployment Rate<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> \u00a0\u00a0\u00a0\u00a0Actual real GDP &#8211; potential real GDP = Output Gap<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0\u00a0\u00a0\u00a0\u00a0Negative = unemployment is above the natural rate<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Positive = unemployment is below the natural rate<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Zero = unemployment is equal to the natural rate<\/span><\/li>\n<\/ul>\n<p><strong>IV.\u00a0 Videos:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=ah9i3R9pRpg\"><span style=\"font-weight: 400;\">Why Are People In Venezuela Starving (Hyperinflation Explained)?<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=o-PNlhhVhZ8\"><span style=\"font-weight: 400;\">Hyperinflation Explained in One Minute<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=a2azB2eag5I\"><b>Macro 3.3- Long Run Aggregate Supply, Recession, and Inflation (LRAS)<\/b><\/a><\/li>\n<\/ul>\n<p><strong>V.\u00a0 Classwork on iLearn<\/strong><\/p>\n<ul>\n<li>33.1 WS\u00a0<span style=\"font-weight: 400;\">Inflation Tax<\/span><\/li>\n<li>4.6 Monetary Policy in Action<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0\u00a0 Bellwork The economy of Dodgelandia is experiencing an inflationary gap. a. How could the Central Bank use monetary policy (3 specific examples) to return the economy to full employment? b. Use a correctly labeled graph of the money market to show how this monetary policy would impact the equilibrium interest rate. c. Describe how [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":["post-16947","post","type-post","status-publish","format-standard","hentry","category-ap-economics"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/comments?post=16947"}],"version-history":[{"count":2,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16947\/revisions"}],"predecessor-version":[{"id":16956,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16947\/revisions\/16956"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}