Tuesday, December 20, 2016

Due Tues. 12/21

Using your Keynesian equilibrium chart from class, complete the following:


1.  Describe the C/DI relationship.
2.  Describe the S/DI relationship.
3.  Describe the APC/DI relationship
4.  Describe the APS/DI relationship.





Monday, December 5, 2016

Ch. 11 Reading Guide

Due Tues. 12/6


1.  Review the 3 explanations for the downward sloping aggregate demand curve.
2.  Identify each of the factors shifting AD.  How would each factor cause AD to increase?  Decrease?








Due Wed. 12/7


1.  Define short run aggregate supply (SRAS).
2.  Why is the SRAS curve upward sloping?
3.  Identify each factor shifting SRAS.  How would each factor cause SRAS to increase?  Decrease?






Due Friday. 12/9


1.  What is the Long Run Aggregate Supply Curve and why is it vertical?
2.  What does long run equilibrium (where LRAS and AD meet) tell us?

Budget/Spending Quiz

Review the following items to be successful on tomorrows very brief quiz:


1.  Concept and example of discretionary vs. non-discretionary (mandatory) spending


2.  Federal deficit vs. national debt


3.  Arguments to worry/not worry about the national debt.


4.  The federal budget process: 
a.  What is the role of the cabinet secretaries?
b.  What is the role of the President?
c.  What is the role of the Appropriations Committee?
d.  What is the role of the full Congress?