1. AP ECONOMICS: April 2
Warm-up What is the maximum increase in the money supply (MS) as a result of the following actions (see HO from last class)? r=.25 A. Freda deposits $1,000 of cash into her checking account from her purse.
B. The Fed buys $1,000 of bonds on the open market.
--Make-up quizzes/turn in makeup work (will discuss tomorrow)
--Work on MCT #4 Practice Questions (HO)
Assignment
--MCT #4 Practice Questions (HO from above)
--review Unit 4 GC videos
FRQs #6 & #7 are Thursday (short: deposit expansion, T-account, money multiplier, etc.) (long: AD-AS, fiscal policy, monetary policy, self-correction)
MCT #4 is Friday