Transcript Day 4 - Mr

Unit: Hectic January
What will we learn today?
Day 1
12.4.1 Labor unions, procedures, benefits for their members, effects of unionizations,
the minimum wages, and unemployment insurance.
12.4.4 Explain the effects of international mobility of capital and labor on the U.S.
economy.
12.5.2 Significance of unemployment rate, new jobs created monthly, inflation and
deflation, and rate of economic growth.
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Super Notes Quiz #3
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1. How could the Federal
Reserve encourage banks to
lend out more of their
reserves?
a. reduce the discount rate
b. increase the prime rate
c. raise the required amount of reserve
d. reduce the money supply
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2. In recent years, many countries have
formed customs unions that abolished tariffs
and trade restrictions among its members,
as well as adopted uniform tariffs for
nonmember countries. A successful example
of such a customs union is
a.
b.
c.
d.
the European Union (EU).
the North Atlantic Free Trade Agreement
(NAFTA).
the Asia-Pacific Economic Cooperation
(APEC).
the World Trade Organization (WTO).
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3. Why does the Federal
Reserve alter monetary policy?
a.
b.
c.
d.
to regulate the banking industry
to provide services to member
banks
to enable banks to clear checks
to lessen the effect of natural
business cycles
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4. The purpose of
expansionary fiscal policy is to
a.
b.
c.
d.
increase output.
prevent hyperinflation.
slow the growth of the GDP.
increase the separation between
government and private
industry.
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5. An example of
contractionary fiscal policy
would be
a.
b.
c.
d.
cutting taxes.
decreasing government spending.
increasing production of consumer
goods.
expanding the government’s role in
regulating private industry.
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6. An example of expansionary
fiscal policy would be
a.
b.
c.
d.
cutting taxes.
cutting government spending.
cutting production of consumer
goods.
cutting prices of consumer goods.
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7. What type of policy does the
Fed use to counteract a
contraction?
a.
b.
c.
d.
fiscal policy
easy money policy
tight money policy
policy lags
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8. What is the relationship
between interest rates and
demand for money?
 a. As interest rates decrease, demand for money
increases.
 b. As interest rates increase, demand for money
increases.
 c.
Interest rates are determined by demand for
money.
 d. Interest rates and demand for money are
unrelated.
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9. Which of the following is a
treaty to eliminate all trade
barriers between Canada,
Mexico, and the United States?
a.
b.
c.
d.
APEC
CARICOM
MERCOSUR
NAFTA
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What Mr. Rob Will Need:
 Song lyrics with vocab underlined
 Song emailed or brought in on a USB or DVD. Be
organized. Bring a backup.
A Good Econ Song:
 Uses at least ten vocab words from your chapter
appropriately, showing that you know what they
mean when you use them.
 Teaches the main concepts of your chapter
 Uses a visual (music video, poster, dance, whatever)
 Is long enough / loud enough / clear enough
 Cannot be inappropriate
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Econ Song Rubric
100 points total
Required:
Lyrics typed up with
vocab underlined.
Teaching Factor: 60 points
- Vocabulary use (at least 10 words, used showing that you know what they mean for
an A)
- Do the lyrics make sense and relate to the chapter? Did you really teach your
peers? (warning: don’t just relate to the title of your chapter)
- Does it seem like you read and understood your chapter?
Entertainment / Performance Factor: 25 points
- Song choice and rhythm / lyrics
- Visual to accompany the song (video, poster, live dance, etc.)
- How was your song received by the class / teacher?
Other Factors: 15 points
- Long enough to teach the entire chapter?
- Is the audio clear and loud enough?
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