AP ECONOMICS: October 23 Warm-up: Using three separate AD-AS-LRAS graphs, show the economy at full employment and then going: 1) into a recession due.

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AP ECONOMICS: October 23 Warm-up: Using three separate AD-AS-LRAS graphs, show the economy at full employment and then going: 1) into a recession due to a decrease in AD and then self-correcting; 2) into a recession due to decrease in AS and then self correcting; 3) beyond full employment due to an increase in AD and then self-correcting. A.P. Economics Learning Target #1 In order to understand the how public policy impacts the economy, I will learn how fiscal policy impacts interest rates. I will know I have it when I can explain how changes in interest rates leading to the crowding out and net export effects. --the connections: interest rates, attractiveness of U.S. financial assets, D for the USD, exchange rates, and net exports A.P. Economics Learning Target #2 In order to understand how money has evolved over time to meet the needs of people everywhere, I will analyze the different types, characteristics, and functions of money. I will know I have it when I can: (1) differentiate between the use of bartering, commodity money, and fiat money; (2) explain the functions of money; and (3) explain the characteristics of money. --What is Money? (using Worksheet 23.3—HO)—8th needs to finish Assignment: --Why is it Money? (Worksheet 23.4—HO); All About Money (Worksheet 23.5—HO); Money Summary (HO) --read Module 26