Transcript The Federal Reserve

APK: Activation of Prior Knowledge
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Write at least 2-3 sentences describing a time when…
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you relied and/or hoped for someone to help you fix a bad
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financial situation.
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Question of the Day
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How can the Fed help the
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economy through difficult times
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in the business cycle?
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Lesson Questions
• Answer the two questions relating to the Business Cycle
Chart on page 638.
• Explain what GDP Gross Domestic Product means.
How can the value of the real GDP let the
government know how the economy is doing? [See
page 638-639]
• Explain what CPI Consumer Price Index means. How
can the CPI let the government know how the
economy is doing? [See page 642]
• Explain what the Fed Federal Reserve Bank does.
How can the Fed control and help the economy with
the FOMC Federal Open Market Committee,
Monetary policy, the discount rate and open market
operations? [See pages 661-665]