We will be using Cornell Note Taking Format Today! Lets Get
Fiscal! Lets Get Fiscal! Happy thought for the day: There are only
two certainties in life: Death and taxes!
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Unit Two: Learning Objectives: North Clackamas School District
Social Studies Priority Standards: Econ 46. Distinguish between
fiscal and monetary policies and describe the role and function of
the Federal Reserve.
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Lesson Three: Daily Learning Target I Can define and explain in
writing the following key Economic concepts: Fiscal Policy G:
Government Spending T: Taxes Monetary Policy
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The use of government spending and revenue collection to
influence the economy.
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This Lesson confronts the following questions: Ill throw money
at the problem.
Federal Reserve U.S. Government Agencies U.S. Individuals
Foreign Ownership U.S. Banks And other Financial Institutions
Other, Including State and Local Governments 7% 10% 23% 11% 7% 36%
Total Debt: $14.9 trillion [This is held both privately and
publicly]
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Thanks, we need this for our crumbling infrastructure.
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Think of the G & Fed as doctors of the economy. They keep
track of vital signs [GDP, Inflation, unemployment, etc]. I f a
problem arises, they step in to prescribe a remedy.
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Even if I have to dig a hole and cover it back up, I do have a
job. Peak Peak Trough Contraction Contraction Contraction
Contraction Expansion Expansion
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Unempl. check
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2014 $16 trillion more It has taken 32 years to accumulate $16
trillion more. $17.6 trillion [now $17.6 trillion] $55,000 each
Will todays children bear the burden of debt? 1981 $1 trillion of
Debt It took 200 years to accumulate the 1 st $1 trillion of Debt.
Teddy?
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Monetary Policy refers to the actions that the Fed takes to
influence the level of GDP and the rate of inflation in the
economy.
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to assist the economy in full employment achieving a full
employment, non-inflationaryoutput. non-inflationary level of
output.
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Discount Rate 1. Discount Rate when banks borrow from the Fed.
Reserve Ratio 2. Reserve Ratio how much of demand deposits that
have to be kept in reserve and cant be loaned out. Buyingrecession
gapselling inflation gapsecurities 3. Buying [recession gap] and
selling [inflation gap] of securities.
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Expansion
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Effectiveness of Monetary Policy Strengths of Monetary Policy
Speed and flexibility 1. Speed and flexibility can quickly be
altered (compared to fiscal policy). influence interest rates This
can occur on a daily basis and influence interest rates and the MS.
Isolation from political pressures 2. Isolation from political
pressures because of the 14 year terms. They can unpopular
policiesbest for our economys health enact unpopular policies which
might be best for our economys health.
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$107,000 to study the sex life of the Japanese quail. $1.2
million to study the breeding habits of the woodchuck. $150,000 to
study the Hatfield- McCoy feud. $84,000 to find out why people fall
in love. $1 million to study why people don't ride bikes to work.
Some of the MOST ABSURD PORK
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$19 million to examine gas emissions from cow flatulence.
$144,000 to see if pigeons follow human economic laws. Funds to
study the cause of rudeness on tennis courts and examine smiling
patterns in bowling alleys. $219,000 to teach college students how
to watch television. $2 million to construct an ancient Hawaiian
canoe.
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$20 million for a demonstration project to build wooden
bridges. $160,000 to study if you can hex an opponent by drawing an
X on his chest. $800,000 for a restroom on Mt. McKinley. $100,000
to study how to avoid falling spacecraft. $16,000 study of the
komungo, a Korean instrument.
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I Believe I Can Fly! Shark Tank Business Presentations