Daily quiz: 1. Name two categories of determinants that will shift SAS 2.If the government raises taxes and raises G in equal amounts, what if anything will happen to AD 3. Write the string for the government lowering taxes 4. What is the formula for the spending multiplier 5. What is the other formula for the spending multiplier “net e.c. What are exports”? Make clear to class that the 2015 AP exam itself will not affect their grade and if anyone has trouble paying the $5 then speak with me Hand back tests and scantrons Finish going over multiple choice questions on test Take out manual As a class, go over Activities 6-1 and part of 6-2 Talk about the Three Pillars of Productivity/innovation vs. imitation/the convergence club/“cost disease oft he service sector” _________________________________________________________ : Friday, February 13, 2015 EVEN DAY SCHEDULE AP Macroeconomics: PERIODS 2 and 4 HOMEWORK ASSIGNED TODAY: Bring manual to class every day IN-CLASS TODAY: WARM-UP: Take out a pencil for daily quiz Daily quiz: 1. Name two categories of determinants that will shift SAS: change in productivity; change in costs or prices of inputs 2.If the government raises taxes and raises G in equal amounts, what if anything will happen to AD? AD will increase; move to the right 3. Write string for the government lowering taxes: Y - ↓ T ↑ Yd ↑ C ↑ AD ↑ PL ➞ ➞ ➞ ➞ real GDP ↑ 4. What is the formula for the spending multiplier: spending multiplier = 1 1-MPC (MPS) 5. What is the other formula for the spending multiplier: spending multiplier = change real GDP change in AE (aggregate (spending)
Daily quiz: 1. Name two categories of determinants that will shift SAS 2.If the government raises taxes and raises G in equal amounts, what if anything will happen to AD 3. Write the string for the government lowering taxes 4. What is the formula for the spending multiplier 5. What is the other formula for the spending multiplier e.c. What are “net exports”? Make clear to class that the 2015 AP exam itself will not affect their grade and if anyone has trouble paying the $5 then speak with me Hand back tests and scantrons Finish going over multiple choice questions on test Take out manual As a class, go over Activities 6-1 and part of 6-2 Talk about the Three Pillars of Productivity/innovation vs. imitation/the convergence club/“cost disease oft he service sector” _________________________________________________________ Friday, February 13, 2015 : EVEN DAY SCHEDULE AP Macroeconomics: PERIODS 2 and 4 HOMEWORK ASSIGNED TODAY: Bring manual to class every day IN-CLASS TODAY: WARM-UP: Take out a pencil for daily quiz Daily quiz: 1. Name two categories of determinants that will shift SAS: change in productivity; change in costs or prices of inputs 2.If the government raises taxes and raises G in equal amounts, what if anything will happen to AD? AD will increase; move to the right 3. Write string for the government lowering taxes: Y - ↓ T ➞ ↑ Yd ➞ ↑ C ➞ ↑ AD ➞ ↑ PL ↑ real GDP 4. What is the formula for the spending multiplier: spending multiplier = 1 1-MPC (MPS) 5. What is the other formula for the spending multiplier: spending multiplier = change real GDP change in AE (aggregate (spending)