{"id":17168,"date":"2019-04-15T00:04:26","date_gmt":"2019-04-15T04:04:26","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=17168"},"modified":"2019-04-15T00:10:06","modified_gmt":"2019-04-15T04:10:06","slug":"ap-economics-4-15-19","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2019\/04\/15\/ap-economics-4-15-19\/","title":{"rendered":"AP Economics &#8211; 4\/15\/19"},"content":{"rendered":"<p><strong>I. Bellwork<\/strong><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Page 200 MC 1-5 &amp; FRQ #2<\/span><\/li>\n<\/ul>\n<p><strong>II.\u00a0\u00a0Objectives<\/strong><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Discuss how the AS\u2013AD model is used to formulate macroeconomic policy <\/span><\/li>\n<li><span style=\"font-weight: 400;\">Explain the rationale for stabilization policy<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Describe the importance of fiscal policy as a tool for managing economic fluctuations<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Identify the policies that constitute expansionary fiscal policy and those that constitute contractionary fiscal policy<\/span><\/li>\n<\/ul>\n<p><strong>III.\u00a0Economic Policy Aggregate Demand &amp; Supply Model pgs 201-208<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">A Macroeconomic Policy <\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"> Policy in the Face of Demand Shocks &#8211; Examples<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Responding to Supply Shocks &#8211; Difficult and only resolves one on the issues<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">B.\u00a0 Fiscal Policy: The Basics <\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"> Taxes, Purchases of Goods and Services, Government Transfers, and Borrowing <\/span><\/li>\n<\/ol>\n<ul>\n<li><span style=\"font-weight: 400;\">Explain in terms of Expansionary &amp; Contractionary Policy<\/span><\/li>\n<\/ul>\n<ol start=\"2\">\n<li><span style=\"font-weight: 400;\"> The Government Budget and Total Spending <\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Expansionary and Contractionary Fiscal Policy<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> A Cautionary Note: Lags in Fiscal Policy<\/span><\/li>\n<\/ol>\n<ul>\n<li><span style=\"font-weight: 400;\"> Major Lags -Recognition, Decision, &amp; Implementation<\/span><\/li>\n<\/ul>\n<p>iV,\u00a0\u00a0<span style=\"font-weight: 400;\">Read Exam Tip on Page 207<\/span><\/p>\n<p>V.\u00a0\u00a0<span style=\"font-weight: 400;\">Classwork<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">20.5 WS on iLearn &#8211; Due today<\/span><\/li>\n<li>20.5 Questions due tomorrow before class<\/li>\n<\/ul>\n<p>VI.\u00a0\u00a0<span style=\"font-weight: 400;\">Test on Thursday<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I. Bellwork Page 200 MC 1-5 &amp; FRQ #2 II.\u00a0\u00a0Objectives Discuss how the AS\u2013AD model is used to formulate macroeconomic policy Explain the rationale for stabilization policy Describe the importance of fiscal policy as a tool for managing economic fluctuations Identify the policies that constitute expansionary fiscal policy and those that constitute contractionary fiscal policy [&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-17168","post","type-post","status-publish","format-standard","hentry","category-ap-economics"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17168","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=17168"}],"version-history":[{"count":2,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17168\/revisions"}],"predecessor-version":[{"id":17170,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17168\/revisions\/17170"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=17168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=17168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=17168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}