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Sanford H. Calhoun High School

HW for AP Macro Wednesday May 14th, 2020 12:00 pm


All of the reading assignments are to be read for the day in class for which they are assigned.  The teacher may assign other readings and questions from the text.
Unit III: National Income and Price Determination
10/21 - 158 – 163
10/22 - No HW
10/23 - 172 - 177
10/24 - pg. 217 #4
10/25 - 179 - 187
10/28 - No HW tonight
10/29 - 218 18 and 19
10/30 - 190 – 194
10/31 - 194 – 197
11/1 - pg. 217 11 and 12
11/4 - 199 – 207
11/6 - No HW tonight
11/7 - 217 # 6 and 16
11/8 - 209 – 212
11/12 - Review
11/14 - Exam

National Income and Price Determination

Marginal propensity to consume
Marginal propensity to save
Consumption function
Inventory investment
Federal reserve and rate cuts
Impact of interest rates on investment
Fiscal policy
Monetary policy
Macroeconomic tools look to avoid _____________
Aggregate demand
Price level
Real GDP
Wealth effect
Interest rate effect
Shifts of aggregate demand
Recession
Aggregate supply
Short run vs. long run AS
Nominal wages
“Sticky” wages and inputs
Demand shocks
Supply shocks
Inflationary gaps
Recessionary gaps
Expansionary monetary and fiscal policy
Recessionary monetary and fiscal policy