Ch. 13 Reading Guide

Due Tues. 1/31
1.  Explain each of the 3 Functions of Money
2.  Explain each of the 4 Characteristics of Money.
3.  Contrast Fiat and Commodity Money
4.  Identify the forms of money classicied as M1, M2, and M3 by the US Treasury.




Due Wed. 2/1
Read this article on the gold standard:   https://blogs.cfainstitute.org/investor/2013/04/16/gold-and-international-reserve-currencies/


Identify arguments for and against a gold-backed currency.  Find another article you believe to be useful to understanding this subject, print it, and bring it to class.




Due. Wed. 2/2
Create a properly labeled graph of the Money Market.
Identify the 3 types of Money Demand
Identify factors shifting the Ms curve and Md curve

Ch. 12 Reading Guide

Due Wed. 1/4/17


1.  Describe expansionary fiscal policy.  When would it be used?  What tools would government use to enact such a policy?  Illustrate the impact of expansionary fiscal policy on an AS/AD diagram originating from a recessionary gap.






2.  Describe contractionary fiscal policy.  When would it be used?  What tools would government use to enact such a policy?  Illustrate the impact of contractionary fiscal policy on an AS/AD diagram originating from an inflationary gap.










Due Thus. 1/5/17


1.  Identify and define each of the automatic/autonomous fiscal policy stabilizers.  Explain how each stabilizer would act without the actions of Congress and the President to impact the economy during an:
a.  time of recession/high unemployment
b.  time of inflation