1. FRQs (Multipliers & KCHO) are Wed. and MCT is Thurs.
AP ECONOMICS: October 16
A.P. Economics Learning Target #1 In order to understand how equilibrium national output and price level are determined, I will analyze the impact of the multiplier effect. I will know I have it when I can explain why a balanced federal budget has an expansionary effect on the economy. A.P. Economics Learning Target #2 In order to understand how changes in equilibrium price level and national output impact the foreign sector, I will analyze the impact of the price level effect and output effect. I will know I have it when I can explain how a change in price level and output/national income impacts U.S. exports and imports. --go over Worksheet 21.2 (HO from earlier)
--“balanced budget multiplier”
--Spending and Taxation Multiplier Quiz (HO)
--Key Concepts From AD-AS Model (HO—aka KCHO)
Assignment:
--work on MCT #2 practice questions (HO from earlier) --work on MCT #2 Take Home Portion (due Thursday)
--watch videos at Mr. Clifford’s web site (AC-DC Economics)
FRQs (Multipliers & KCHO) are Wed. and MCT is Thurs.