1. AP Macro Exam review/review books issued at 8:00 tomorrow
AP ECONOMICS: April 1
Warm-up What is the initial increase in the money supply (MS) as a result of the following actions? A. Fred deposits $1,000 of cash into his checking account from his pocket.
B. Fed buys $1,000 of bonds on the open market.
Learning Target In order to understand how the money supply grows, I will learn the concept of fractional reserve banking. I will know I have it when I can: (1) ultimately determine the amount of maximum deposit expansion when given multiple amounts of checkable deposits, required reserves, and loans; (2) set up and interpret T-accounts; and (3) apply the money multiplier. --Money Creation (from 2:15) --conclude Activity 4-3 (HO) Assignment
--review Unit 4 GC videos
FRQs #6 & #7 are THURSDAY (short: deposit expansion, T-account, money multiplier, etc.) (long: AD-AS, fiscal policy, monetary policy, self-correction) MCT #4 is FRIDAY
Fed Video Guide, Self-Correction Quiz, Money Market Quiz, & MP-FP Quiz due by end of class TOMORROW
AP Macro Exam review/review books issued at 8:00 tomorrow