1. AP ECONOMICS: March 18 --What is Money? (using Worksheet 23.3—HO)
Learning Target #1 In order to understand how equilibrium national output and price level are determined, I will analyze how the economy responds to short-run shocks and adjusts to long-run equilibrium through wage changes. I will know I have it when, on an LRAS-AD-AS graph, I can draw the economy self-correcting from three different situations. Self-correcting Economy (HO) --self-correction situations: recession due to negative D shock; overheating due to positive D shock; recession due to stagflation
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. Money
--What is Money? (using Worksheet 23.3—HO)
Assignment --BRING TEXTBOOK and 23.4, 23.5, etc. HOs to class tomorrow
--go to and register using XPOYLXFGHKAB (all caps)
and complete the five multiple choice practice questions (by Friday)