1. ECONOMICS: April 16 Yesterday’s Assignment (TURN IN)
Clarification needed?
-pie charts -taxation spreadsheet
Economics 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 demand-side fiscal policy. I will know I have it when I can: (1) list the fiscal policy tools; (2) explain changes in fiscal policy on unemployment, inflation, real GDP, the budget, and the national debt; and (3) draw AD-AS graphs illustrating how fiscal policy can close recessionary and inflationary gaps. -John Maynard Keynes biography (class set) and video clip (5:15) -fiscal policy players: Congress and President working together Chapter 15, Lesson 1: Demand Side Fiscal Policy (HO) -fiscal policy tools (taxation and government spending)
Assignment
Read Ch. 15, Lessons 1 & 3