Macroeconomics Unit Guide- Standards Based Assessment Test Grade- 100 points Use the following as a guide for your grade completion. Check off each item as you complete them.

Macroeconomics Unit Guide
-

Standards Based Assessment


Test Grade
-

100 points


Use the following as a guide for your grade completion. Check off each item as you
complete them.


1.

Make sure that you have completed your Economics Workbook for ch. 12
-
16 or
pa
ges 54
-
58. We began this in class
while taking notes. Tear out and attach pages
here.
30 points.
Make sure to draw the Business Cycle as we discussed in class
and include it on these workbook pages.
Use your book if you were absent.



2.

Explain the role and

functions of the Federal Reserve System.
10 points




3.

Describe the organization of the Federal Reserve System.
10 points




4.

Define monetary policy.
5 points





5.

Describe how the Federal Reserve uses the tools of monetary policy to promote
price stabilit
y, full employment, and economic growth. Make sure you answer this
completely.
20 points









6.

Define fiscal policy.
5 points




7.

Essay Question: Explain the government’s taxing and spending decisions.
20
points.