Transcript M18 ASx - Effingham County Schools

2nd Seating Chart 3
(Front of Class)
Rachael
Scott
Shelby
Smith
Paperw.
Hannah
Zach P.
Heather
Zach S.
Bathroom
Joshua
David
William
Juhi
Amanda
Attendanc
Shelby
Stephens
Emily
Garrett
Boss
Addie
Danielle
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n
d
o
w
Seating Chart 4th
(Front of Class)
Rachael
Sierra
Attndnc.
Sarah
Cora
Charles
Kristen
Brandon
Bathroom
Ryan
Anmol
Kyle
Jordan
Will
Boss
Andrew
Cierra
Dylan
Courtney
J.
Maci
Hunter
Gabrielle
Alex H.
Tanner
Paperw.
Hannah
Alex B.
Emma
Cody G.
Brett
Adam
Cliff
Michael D.
Nicole
Danielle J.
Cody J.
Michael E.
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i
n
d
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Why AD slopes downward.
AD Handout Review
Group Competition
2nd Seating Chart 3
(Front of Class)
Rachael
Scott
Shelby
Smith
Paperw.
Hannah
Zach P.
Heather
Zach S.
Bathroom
Joshua
David
William
Juhi
Amanda
Attendanc
Shelby
Stephens
Emily
Garrett
Boss
Addie
Danielle
w
i
n
d
o
w
Seating Chart 4th
(Front of Class)
Rachael
Sierra
Attndnc.
Sarah
Cora
Charles
Kristen
Brandon
Bathroom
Ryan
Anmol
Kyle
Jordan
Will
Boss
Andrew
Cierra
Dylan
Courtney
J.
Maci
Hunter
Gabrielle
Alex H.
Tanner
Paperw.
Hannah
Alex B.
Emma
Cody G.
Brett
Adam
Cliff
Michael D.
Nicole
Danielle J.
Cody J.
Michael E.
w
i
n
d
o
w
Profit expectations on investment
projects rise
• A) Move Along
• B) Increase/Shift Right
• C) Decrease/Shift Left
Profit expectations on investment
projects rise
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A) C
B) I
C) G
D) (X-M)
Income tax rates rise
• A) Move Along
• B) Increase/Shift Right
• C) Decrease/Shift Left
Income tax rates rise
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A) C
B) I
C) G
D) (X-M)
Government increases public works
spending
• A) Move Along
• B) Increase/Shift Right
• C) Decrease/Shift Left
Government increases public works
spending
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A) C
B) I
C) G
D) (X-M)
The CPI falls
• A) Move Along
• B) Increase/Shift Right
• C) Decrease/Shift Left
The U.S. sells more Florida orange
juice to Canada
• A) Move Along
• B) Increase/Shift Right
• C) Decrease/Shift Left
The U.S. sells more Florida orange
juice to Canada
•
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A) C
B) I
C) G
D) (X-M)
Consumers become more confident
about the future of the economy
• A) Move Along
• B) Increase/Shift Right
• C) Decrease/Shift Left
Consumers become more confident
about the future of the economy
•
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A) C
B) I
C) G
D) (X-M)
Consumers expect prices to rise next
month
• A) Move Along
• B) Increase/Shift Right
• C) Decrease/Shift Left
Consumers expect prices to rise next
month
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A) C
B) I
C) G
D) (X-M)
Stock market indexes rise (stock prices
rise, on average)
• A) Move Along
• B) Increase/Shift Right
• C) Decrease/Shift Left
The Federal Reserve decreases the
money supply
• A) Move Along
• B) Increase/Shift Right
• C) Decrease/Shift Left
Inflation is rising
• A) Move Along
• B) Increase/Shift Right
• C) Decrease/Shift Left
AD Quiz
with 2 multiplier questions at the
beginning
(8 questions total)
If the marginal propensity to consume
in an economy is .80, the government
could increase GDP by $100 billion by
increasing spending by (assume
maximum expansionary effects):
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a) $10 billion
b) $20 billion
c) $25 billion
d) $40 billion
If the government increases expenditures
by $50 billion and at the same time levies
a lump-sum tax of $50 billion, the net
effect on the economy will be:
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a) to increase GDP by less than $50 billion
b) to increase GDP by more than $50 billion
c) to increase GDP by $50 billion
d) to make no change in GDP
The interest rate effect indicates that a(n):
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a. decrease in the price level will increase the
demand for money, increase interest rates, and
decrease consumption and investment spending
•
b. decrease in the price level will decrease the
demand for money, decrease interest rates, and
increase consumption and investment spending
•
c. increase in the price level will increase the
demand for money, reduce interest rates, and
decrease consumption and investment spending
•
d. increase in the supply of money will increase
interest rates, and decrease interest sensitive
consumption and investment spending
Aggregate demand may be measured
by adding
• A) consumption, investment, savings, and
imports
• B) savings, government spending, and
business inventories
• C) consumption, investment, government
spending, and net exports
• D) domestic private expenditures and
government spending
• E) domestic expenditures and imports
Which of the following events would
most likely decrease aggregate demand?
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a. an increase in government spending
b. a reduction in business and personal tax
rates
c. an increase in investment spending
d. an increase in personal income tax rates
Which of the following would be
considered to be one of the factors that
shift the aggregate demand curve? A
change in:
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a. productivity
b. prices of imported resources
c. domestic resource availability
d. profit expectation on investment projects
The interest rate and wealth effects
help explain:
• a) why the aggregate demand curve is down
sloping
• b) the Keynesian range of the aggregate
supply curve
• c) the classical range of the aggregate supply
curve
• d) why the consumption schedule remains
stable when the price level changes
What is one reason the level of
domestic output purchased will be
higher when the price level is lower?
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a. the ratchet effect
b. the unemployment rate
c. the net export effect
d. the business cycle effect
M18 Aggregate Supply
Short-run aggregate supply
PL
RGDP
SRAS is upward sloping because
wages are ___________.
SRAS shifters
• Input costs
– Commodities
– Wages
• Productivity
• Business Taxes
– Wait, aren’t taxes a demand shifter?????
SRAS shifter cold-call
AD or SRAS??
(also: increase or decrease)
SRAS Shifter Handout
Long-run aggregate supply
PL
RGDP
LRAS is vertical because wages
are __________ in the long-run.
LRAS shifters
• When LRAS shifts right, this is called:
• What causes ec. growth?
– Amount of _________
••-
– Quality of _________ (i.e. education)
– T____________
3 Ways to Show Economic Growth
PPF
Business Cycle
LRAS
• Prod costs
• Productivity