1. ECONOMICS: November 13
Warm-up If the economy is experiencing a recession, to get the economy back on track: (1) Would the government increase or decrease taxes; increase or decrease its spending?; (2) Would the Fed increase or decrease the money supply? Jerome Powell Bio (1:39)
Learning Target In order to understand how the government works to promote the economic goals of full employment, price stability, and economic growth, I will analyze monetary policy. I will know I have it when I can: (1) list and explain the monetary policy tools; and (2) explain changes in monetary policy on unemployment, inflation, and real GDP.
--Monetary Policy Tools (follow along with lecture guide—HO) -open market operations (most frequently used) -reserve requirement ratio -discount rate
Ch. 10, 14, 15, and 16 Test is Friday (parts of 10-1, 10-2, 14-1, 14-2, 14-3, 15-1, 15-2, 15-3, 16-1, and 16-2)
Warm-ups due Friday