Chapters 15 17 Pages 399-467 Due on: April 8 Point Value: 63 points! Important Dates: Spring Break March 21 April 3rd

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Unit IV Macroeconomics: Chapters 15
-
17

Mrs. Thayer


Chapters 15


17 Pages 399
-
467

Due on: April 8
th


Point Value:

63 points!

Important Dates:

Spring Break March 21
st



April
3rd

Vocabulary Chapters 15 and 16

1.

Fed

2.

Monetary Policy

3.

Loose Money Supply

4.

Tight
Money Supply

5.

Fractional Reserve Banking

6.

Reserve Requirements

7.

Discount rate

8.

Prime Rate

9.

Federal Funds rate

10.

Securities

11.

Public works projects

12.

Medicare

13.

Public goods

14.

Social Insurance program

15.

Income Redistribution

16.

TANF

17.

Externalities

18.

Fiscal Year

19.

National Debt

20.

Defi
cit Financing

21.

Proportional tax

22.

progressive tax

23.

regressive tax


(give the definition and a sentence for
all vocabulary words please)

Vocabulary Chapter 17

1.

Unemployment rate

2.

Full employment

3.

demand
-
pull
inflation

4.

Stagflation

5.

Cost
-
push inflation

6.

Fiscal Policy

7.

Circular flow of
income

8.

Monetarism

9.

time lags

10.

Underground
economy

Essential Questions Chapters 15 and 16


1.

What are the two basic types of
monetary policies?

2.

In a 10% fractional reserve
banking system, what happens
to the money supply when the
Fed injects $1
00.00 of new
money into the American
economy?

3.

The Fed can change the money
supply in circulation by
changing reserve requirements.
What are two other methods
that it can use to do this?

4.

Why do some of the Fed’s
c物tics think the ced should not
engage in mo
neta特 policy?



What are the main functions of
government?

6.

What would be a negative
externality of having an airport
built near your home?

7.

What causes the nation’s public
debt?



What are the principal taxes
that exist in the United States
today?

9.

In what ways

has the
government grown since the
Great Depression?

10.

How does the growth of
government spending affect
you?

Essential Questions Chapter 17


1.

What are the four types of
unemployment and give an
example for each.

2.

Give an example of a
leakage and an injection

into the circular flow of
income.

3.

Who is the economist often
linked to monetarism and
what are his main
concerns?

4.

Why can full employment
not be zero?

5.

Explain how the
government can affect
aggregate supply and
demand through their fiscal
and monetary poli
cies.