1. Chapter 16 Section 4: Fiscal and Monetary Policy Gross Domestic Product (GDP) Inflation Recession Fiscal policy Monetary policy

2. Chapter 16

3. AGENDA January 13, 2014 Today’s topics  Chapter 16 Quiz  Setting Priorities in the Federal Budget Administrative  The Road Ahead… Homework  None

4. The Road Ahead… Upcoming Dates… January 14/16After school study & review sessions January 16/17Unit 4 Guide due January 17Portfolio EXTRA CREDIT option due at 3:00 p.m.

5. Learning Goals Unit 4 Guide How should the government spend taxpayers’ money? How is the federal budget an example of compromise? How do government budgets reflect the priorities of those who write them? How would you change these budget priorities?

6. Partner or Group Work  Say hello / make eye contact  Pair share / take turns  Use a quiet voice and make an honest effort to communicate.  At desk or assigned place  Materials are out and task is being actively worked on.

7. Setting Priorities in the Federal Budget Work as a group to choose 3 priorities for your budget  Game will refer to these as “Badges” Which of the nine budget categories will be most useful as you try to achieve your priorities? Defense & DiplomacyHousing & LivingHealth Care School & KidsInfrastructureTaxes Science & NatureSocial SecurityMiscellaneous

8. Homework Before you leave  Pick up your belongings  Straighten up your area Homework  None Reminders:  January 16/17Unit 4 Guide due  January 17Portfolio EXTRA CREDIT option due at 3:00 p.m.