View
141
Download
0
Category
Preview:
Citation preview
One per groupOn your white boards
1. What economic activity does GDP leave out?(multiple answers)
2. What part of the US government printed your money? (look on a $1, $2, $5, $10, $20 bill)
GDP = C + I + G + (Ex – Im)Assuming everything else stays equal, what happens if…
US consumers spend 5% more in 2013, than 2012 for the Winter Holidays.
GDP = C + I + G + (Ex – Im)Assuming everything else stays equal, what happens if…
US government passes $800 billion healthcare reform bill
GDP = C + I + G + (Ex – Im)Assuming everything else stays equal, what happens if…
Mexican citizens demand 15 % fewer US made cars
GDP = C + I + G + (Ex – Im)Assuming everything else stays equal, what happens if…
US Students learn about the benefits of saving money
GDP = C + I + G + (Ex – Im)Assuming everything else stays equal, what happens if…
Bank business lending increases by 7% in 2013
GDP = C + I + G + (Ex – Im)Assuming everything else stays equal, what happens if…
Raul buys a used car from Jim Click
GDP = C + I + G + (Ex – Im)Assuming everything else stays equal, what happens if…
The internet is created
GDP = C + I + G + (Ex – Im)Assuming everything else stays equal, what happens if…
Americans demand 50% more Mexican baked goods
GDP = C + I + G + (Ex – Im)Assuming everything else stays equal, what happens if…
US military invades Iran
GDP = C + I + G + (Ex – Im)Assuming everything else stays equal, what happens if…
NBA plays a game in China, afterwards Chinese people demand more US made basketballs
GDP = C + I + G + (Ex – Im)Assuming everything else stays equal, what happens if…
US demand for illegal drugs increase by 10%
GDP = C + I + G + (Ex – Im)Assuming everything else stays equal, what happens if…
World Demand for American timber increases
GDP = C + I + G + (Ex – Im)Assuming everything else stays equal, what happens if…
Jesse downloads a “free” app for his iphone
GDP = C + I + G + (Ex – Im)Assuming everything else stays equal, what happens
if…
US Government cuts income tax rates by 2 %
Federal Reserve birthday card
Federal Reserve birthday card• Write a detailed birthday card to the Federal Reserve
System. Must include:• The nickname of the system• District structure and where we live• Which birthday is this• How does the Federal Reserve conduct monetary
policy? (IOW: how does it change the MS?)• What would you like the Federal Reserve to do with
interest rates next year and why? Think about the parts of GDP & unemployment
• Worth 30 points, late after 12/6• - 5 for each part missing, -5 for sloppy/no color, -5 for 2+ misspellings • -5 for anything unsupported. I think the Federal Reserve should…. b/c….
Verbal BellringerWhy don’t some people trust banks?
What if the bank goes out of business?
• $250,000 per US account
District Structure
Federal Reserve System
Education Advisory CouncilSF trip Dec 2012
Who controls “the Fed”?
What does “the Fed” do?
SuppliesMoney
Controls Moneysupply
SetsReserve
Requirements SuperviseBanks
Gov’t Accounting
ClearsChecks
THE FED
Why is the Chairman of the Federal Reserve sometimes thought of as the
“second most powerful person in the US”?
• Cause: increases interest rates
• Effect: ????
• Cause: lowers interest rate
• Effect: ??? 2014Janet Yellen
Federal Reserve birthday card• Write a detailed birthday card to the Federal Reserve
System. Must include:• The nickname of the system• Describe its district structure and where we live• Which birthday is this• Explain how the Federal Reserve conducts monetary
policy? (IOW: how does it change the MS?) (3 ways)• What would you like the Federal Reserve to do with
interest rates next year and why? Think about the parts of GDP & unemployment
• Worth 30 points, late after 12/6• - 5 for each part missing, -5 for sloppy/no color, -5 for 2+ misspellings • -5 for anything unsupported. I think the Federal Reserve should…. b/c….
Recommended