Fiscal & Monetary Policy

Answer in a complete sentence Success Criteria 4/7/2017 1.We can identify the meaning of monetary policy.   2.We can compare and contrast fiscal & monetary policy.   3.We can analyze scenarios to determine which policy is present.  4.We can evaluate our knowledge of American gov’t by completing an in-class essay. Answer in a complete sentence What are you going to do over break? (do not say “dragging”) Which break do you prefer, Winter Break or Spring Break? Why?

Missing Econ Quiz 1 Period 1 Period 3 Period 4 Period 5 Gervin Manley Stewart Sewell Brown Lindsey King Woodley Moore Bailey Griffin Langley Miller Rowe Nowicki Wilkins

Missing Econ Quiz 2 Period 1 Period 3 Period 4 Period 5 Maye Thompson Manley Gervin Harvey Langley Hunt Bennett, T Fischer Johnson, T, J Lindsey Orozco-Garcia Walters Brown, J Dawkins Mengesha Swinson Briggs Gilliam Jones Mason Peay Donaire Solano Kahsay Woodley Griffin Bailey Mamo Carrington Morton Rowe Wilson Hernandez-Garcia Blount Harding Smothers

House Cleaning Economics HW is past due! Quiz Today! 2 more school days until break, so don’t act like a clown Report cards will not be done today, but they are available on infinite campus

Should the gov’t be involved in fixing the economy? Why or why not?

Who remembers what fiscal policy is? Fiscal Policy – How the government decides to tax and spend money to influence the economy It does this through raising/cutting taxes and raising/cutting spending

Congress and the President Who is in charge of it? Congress and the President

Who remembers what MONETARY POLICY IS? Term Definition Monetary Policy A course of action that affects the money and credit available in the economy and the cost of the credit (interest rates).

The Federal Reserve (a.k.a. “the fed”) Who is in Charge of it? Term Definition The Federal Reserve (a.k.a. “the fed”) The government’s bank that acts like a bank to all private banks. It uses its power to correct any problems in the economy. Its leaders are not elected. Instead, they are appointed.

What are the three things they are in charge of? Interest Rates Reserve Requirements Open market operations

Fiscal v Monetary Policy Read the pink sheet and complete the front side of your paper with your group! For the bottom activity, use FP for foreign policy When you are finished, bring them up to Mr. Krzys and he will check them If it is correct, you will begin the gallery walk