1. AP ECONOMICS: October 17
--Fiscal policy, long-run equilibrium & gaps Quiz (HO)
A.P. Economics Learning Target
In order to understand how equilibrium national output and price level are determined, I will analyze the impact of the multiplier effect. I will know I have it when I can: (1) explain how an initial change in spending leads to many additional rounds of spending; (2) calculate the spending and taxation/transfer multipliers; and (3) calculate the amount that the government must change its taxation/transfers or spending to help the economy reach full employment by taking the multiplier effect into account.
--finish going over Key Concepts HO (HO from Monday) --discuss Worksheet 21.1 (HO from yesterday) Assignment
Study Key Concepts HO (HO from Monday); Watch GC videos
FRIDAY: FRQ #4 over the Key Concepts HO (HO from Monday) Monday: MCT #3