macroeconomics lesson 5 activity 26

Activity 26 relates the Key- nesian simple model and the AD and AS model. 5 Macroeconomics LESSON 3 ACTIVITY 46 Answer Key UNIT 2. Study the data, and plot the demand for Greebes on the axes in Figure 3.2. Asset's characteristics that are important in making portfolio decisions: The liquidity of an asset is the ease and quickness with which an asset can be traded, Ceteris paribus holders of wealth will prefer assets with ______ liquidity. Macroeconomics LESSON 5 ACTIVITY 40 UNIT Activity written by Robert Graboyes, University of Richmond, Richmond,Va. 5. How does price level affect money demand? Ch. 3 Macroeconomics LESSON 5 ACTIVITY 26 Answer Key UNIT Reconciling the Keynesian Aggregate Expenditure Model With the Aggregate Demand and Aggregate Supply Model Now it is time to reconcile the Keynesian aggregate expenditure model with the aggregate demand and supply model. The interest elasticity of money demand is the percent change in money demand caused by a 1% increase in interest rate. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The higher the general price level in an economy, the more money people will want for transactions. k��i��_J�%8!��S�X�zc��"��M�{e�=Vˏ�S>� ��)��Ly�B��A�%V��D3Ah*1�5�֦=�g��+:4}��f's$$��*az�� K��05qnd��b��s�OI�l�T��DXpڟWŴ��B^5;m��.s�6=��z̪��e-DR�L(��O�P%Xm�*�mژ�Od�ԬLD�M:6=~z�ÅmJ��)� <>stream We find both differences and similarities when comparing the two models: Ch. Unit 5, Day 2 – Economic growth policies (Modules 39 & 40) Week 28 . 7 0 obj Lesson 5: Macroeconomics As you may remember from the first lesson, economics can be divided into two parts: microeconomics and macroeconomics . ... 26. f�s".��:5%݄QBZ�RG�*�� Ȥ��ޞ�� )�l�jx This is why you remain in the best website to see the incredible ebook to have. Macroeconomics lesson plans and worksheets from thousands of teacher-reviewed resources to help you inspire students learning. The higher the number of transactions that economic agents conduct, the more liquidity they need => higher demand for money, ____________ is NOT proportional to real income. 3 Macroeconomics LESSON 1 ACTIVITY 19 Answer Key UNIT 5. 4 0 obj Start studying Macroeconomics, Lesson 5. MacroeconomicsLESSON 5 ACTIVITY 26 (continued) UNIT Figure 26.1 An Increase in Consumer Confidence REAL GDP A E 45˚ FE SR LRAS AD REAL GDP Less Than Full Employment Using the AD and AS Model Less Than Full Employment Using the Keynesian Model A G G R E G A T E E X P E N D I T U R S P R I C E L E V E L Figure 26.2 Businesses Believe a Recession Is Coming REAL GDP AD AE 45˚ FE … 5. MacroeconomicsLESSON 4 ACTIVITY 47 (continued) UNIT Figure 47.5 Relationship Between LRAS and PPC: Increased Investment in Education REAL GDP P R I C E L E V E L CONSUMPTION GOODS C A P I T A L G O O D S. Advanced Placement Economics Macroeconomics: Student Activities ' National Council on Economic Education, New York, N.Y. 259 5 6. x�c`� Read Online Unit 5 Macroeconomics Lesson 1 Activity 44 unit 5 macroeconomics lesson 1 activity 44 collections that we have. For a given real interest rate (r), expected inflation (π^e) determines the nominal interest rate as. 2 Macroeconomics LESSON 5 ACTIVITY 17 Answer Key UNIT. The demand for money depends on the expected return, risk and liquidity of money and other assets. %PDF-1.4 For Colombia, the Macro Unit 3: Lesson 5 -Activity 25 Short Run Equilibrium Price Level and Output Macro Unit 3: Lesson 5 -Activity 26 Reconciling the Keynesian Aggregate Expenditure Model with the Aggregate Demand and Aggregate Supply Model Macro Unit 3: Lesson 6 -Activity 27 Manipulating the AD and AS Model: Exogenous Demand and Supply Shocks Benefit of holding money: Money is the most liquid asset. Ch. It uses Activities 25and 26and Visuals 3.11and 3.12. <>endobj (New York: McGraw-Hill Book Co., 1987), p. 33. Lesson Planet. Lesson 6investigates many aspects of the aggregate demand and aggregate supply model including the responses of the economy to outside shocks and to other changes. Unit 4, Day 6 – Economic Consensus (Module 36) Week 27 . 8 0 obj “In preparing an index of prices, it is important that all commodities entering the index be given equal weight.” 6. 6. To produce the following from one ton of olives. The economy, with rising prices and decreased output, was in a state of stagflation. If the economy represented in Figure 1.2 is presently producing 12 units of Good B and zero units of Good A: (A) The opportunity cost of increasing production of Good A from zero units to one unit is the loss of two unit(s) of Good B. An increase in the interest rate or return on nonmonetary assets decreases the demand for money, The money demand function is the expression that helps to show the combined effects of the three key variables discussed previously (prices, real income and interest rates) on the aggregate demand for money. The equilibrium level of total spending is below the full-employment level of total spending. The velocity of money (V) measures how much money "turns over" each period. ), 1)Open-market operations (buying or selling of treasury bonds, bills, notes) (Open market purchases will increase MS, open market sales will decrease MS). In economics, we define money as assets that are widely used and accepted as means of payment. 3 Macroeconomics LESSON 6 UNIT level, P 2. Ch. Lesson 49. M1 consists primarily of currency and balances held in checking accounts (the most "liquid" payment methods). Aggregate Demand and Supply and LRAS ... Use this economic activity to focus on writing summaries of informational text. More than 50% of the United States M1 currency is held abroad. Type of problem: (output / input) Cans of Bottles of Olives Olive Oil Zaire 60 10 Colombia 24 8 For Zaire, the opportunity cost of a can of olives is 1/6 of a bottle of olive oil. Ch. The income elasticity of money demand is the percent change in money demand caused by a 1% increase in income. 5 0 obj Macroeconomics LESSON 2 ACTIVITY 12 UNIT Part A adapted from William B. Walstad, Michael W. Watts, Robert F. Smith and Campbell R. McConnell, InstructorÕs Manual to Accompany Economics, 10th ed. only music that Margaret hates. <>endobj Source: www.coursehero.com. Aggregate supply shocks resulting from the oil embargo imposed by Middle Eastern countries (OPEC) and worldwide crop failures helped to bring about higher inflation and higher unemploy-ment rates. 5. 3 0 obj Go back to some of the supply shocks discussed in Activity 27 and have the students work through the changes that would occur in the long run. Unit 4, Day 5 – Alternative views on Macroeconomics (Module 35) Lesson 48. How do interest rates affect money demand? 30 - Money Growth and Inflation. The price elasticity of money demand is the percent change in money demand caused by a 1% increase in prices. 2 0 obj “Frictional and structural unemployment are two words for the same thing.” Macroeconomics LESSON 5 ACTIVITY 18 UNIT Medium of Exchange (Money allows specialization). 6 0 obj Based on the data in Figure 19.1, and assuming that the full-employment level of total spending is $3,600 billion, what conclusions can you draw about the equilibrium level of total spending? x�kh� D�� 29 - The Monetary System. 2 macroeconomics lesson 5 activity 17 answer key unit 4 1 35 11 adapted from 21 multiplier 3 i ap macro 8 morton. <>endobj Macroeconomics LESSON 5 ACTIVITY 25 UNIT Activity written by John Morton, National Council on Economic Education, New York, N.Y., and James Stanley, Choate Rosemary Hall, Wallingford, Conn. P P1 SRAS AD Y REAL GDP P R I C E L E V E L P2 Figure 25.1 Equilibrium Price and Output Levels Label the demand curve D, and answer the questions that 32 - A Macroeconomic Theory of the Open Economy. This is the process of adjustment over the long run. Figure 46.1 Phillips Curve Phillips curve … 31 - Open-Economy Macroeconomics, Basic Concepts. Unit 5, Day 1 – Long-run economic growth (Module 37 & 38) Lesson 50. ��uJ��L(��0��zp�J_��Z|�V��xsW�� A�|3�lB�}�?��z��V�5_�&.k�.�DH��(�!��&�^H[F|��Z��(V\�5�-_ �/�8iKǯ3-&d?mSG$h=�;�Tܷ=��_.�My�=1�ۄ�´��$�26�_n��6�IL�A˺ s�h ��=b��9�?�3� How does real income affect the money demand? Pros vs. Cons of this fact: Pro: The United States benefits from foreign holdings because it is the equivalent of receiving an interest-free loan by the Fed (Federal Reserve System), Since the money supply is determined by the central bank in an economy, changes in the money supply are also generated by actions of the central bank (and not in any other way! �O*�Cf�g��i��\��]+�� endstream endobj Macroeconomics LESSON 4 ACTIVITY 16 UNIT Activity written by John Morton, National Council on Economic Education, New York, N.Y., and James Spellicy, Lowell High School, San Francisco, Calif. The portfolio represents the set of assets owned by a holder of wealth. Parts B and C written by John Morton, National Council on Economic Education, New York, N.Y. <>stream The quantity theory of money states that real money demand is proportional to real income, md + nmd = total nominal wealth of an individual, The price level is the ratio of nominal money supply to real money demand, π=∆M/M - ηY(∆Y/Y) ------- Let ηY be the elasticity of money demand with respect to income. 6 Macroeconomics LESSON 1 ACTIVITY 49 Answer Key UNIT Input Method Acres Required to Produce One Bushel Apples (A) Pears (B) Tony 5 2 Chris 6 3 For the input method, the opportunity cost of producing one apple in terms of pears requires that we initially convert the input (acres) into output. endstream endobj The time to maturity of an asset is the amount of time until an asset matures and the holder of wealth is repaid the principal invested. Macroeconomics LESSON 5 ACTIVITY 17 UNIT Activity written by David Nelson, Western Washington University, Bellingham, Wash., with revision by Rae Jean B. Goodman, U.S. 1 0 obj Objectives 1. 27 - The Basic Tools of Finance. 33 - Aggregate Demand and Aggregate Supply 28 - Unemployment. x��]ے�q��h'8r�(,�C[�-&*U�F%JIQ�u�#�- �F��bv��i-��A�� `��+۸��>{�C�U�k��F^_\4��?��|}��¯��\��J�6c�U1��\�Mq{}��O?��v}r1JoNʫ�>t3aPetx�Bˋ�'��n��;��/^^��i�E��>��V~��+-6�ÿ�|�,6��X�~L Br�[>O-�)Wz�JMN+'s��Il��rӗ��[�|;\h��kl�aޗ�#=�e}�Ez�zM_kL��MA��Sh��_�S�k�Hp�8sϙ��2��r�ܹ��I<8?��ˈoS��h��.6��ʈN��r��d��y�=!g��}G)�d5X8�� !�~��Ij Macroeconomics LESSON 3 ACTIVITY 46 UNIT Activity written by Joanne Benjamin, Los Gatos High School, Los Gatos, Calif. q��-��Q"8y��7B쭟�X�̒K+�i��¥=��ZG�.��V�LH�;��6! Note that over time the economy will end up at the full-employment level of output along the LRAS curve. 2 Macroeconomics LESSON 5 ACTIVITY 17 Answer Key UNIT. Since macroeconomics is the one that's most often in the news, that's where I'm going to start. Lesson 5brings aggregate demand and aggregate supply together and relates this model to the simple Keynesian model. macroeconomics lesson 3 activity 37 book that will present you worth, acquire the definitely best seller from us currently from several preferred authors. Macroeconomics LESSON 3 ACTIVITY 5 UNIT Figure 5.1 Supply of Greebes Price Quantity Supplied ($ per Greebe) (millions of Greebes) $.15 100.20 150.25 200.30 250.35 300 Figure 5.2 Supply of Greebes.05 0.10.15.20.25.30.35.40.45.50.55 QUANTITY (millions of Greebes) P R I C E P E R G R E E B E 50 100 150 200 250 300 350 400 Lesson … A holder of wealth can be a consumer, a business, an institution, a pension fund, etc. True, false or uncertain, and explain why? What are the costs/benefits of holding currency? 1 Macroeconomics LESSON 2 ACTIVITY 3 UNIT Demand Curves, Movements Along Demand Curves and Shifts in Demand Curves Part A Figure 3.1 shows the market demand for a hypothetical product: Greebes. 2 Macroeconomics LESSON 5 ACTIVITY 17 Answer Key UNIT Figure 172 continued Real from ECON 321 at Colleyville Heritage H S 1 Macroeconomics LESSON 1 ACTIVITY 1 Answer Key UNIT 2. Macroeconomics LESSON 5 ACTIVITY 25 UNIT Activity written by John Morton, National Council on Economic Education, New York, N.Y., and James Stanley, Choate Rosemary Hall, Wallingford, Conn. P P1 SRAS AD Y REAL GDP PRICE LEVEL P2 Figure 25.1 Equilibrium Price and Output Levels Ch. Ch. <>/Contents 8 0 R >>endobj 26 - Saving, Investment and the Financial System. ]5��Dȉ;��^zy��1��'\�(�[5� 4��~��.i͗K�V��+!Ϭ�'��A�k�j�DS�Q��#��]��\�h� (G@��AX�8uv!�i ��t��!e�7. Unit 5 Macroeconomics Lesson 1 Activity 44 1, the total out-put produced is 0B and the total expenditures are 0A. Title: E:\data\documents\1-56183-567-6_21.pdf Author: Gary Nelson Created Date: 5 Macroeconomics LESSON 4 ACTIVITY 47 Answer Key UNIT Part B Analyzing the Reasons for Economic Growth Economic growth can be illustrated by a rightward shift of the long-run aggregate supply curve or a shift outward of the production possibilities curve of consumption goods vs. capital goods. Unit 4 Macroeconomics Lesson 3 Activity 37 2 and foreign producers are producing (Q 1 – Q 2). Macroeconomics LESSON 3 ACTIVITY 46 UNIT Activity written by Joanne Benjamin, Los Gatos High School, Los Gatos, Calif. M2 consists of everything that is included in M1, plus other assets that are less "moneylike" (less "liquid" than M1 components), M3 is the broadest monetary aggregate and consists of everything that is included in M1 and M2, plus other assets that are less "liquid" than M1 and M2 components. Week 26 Lesson 47. In Figure 5-2.2, the “MSC = MPC + MEC” curve shows the SOLUTIONS ACTIVITY 5-2 (CONTINUED) CEE-APE_MACROSE-12-0101-MITM-Book.indb 387 26/07/12 5:26 PM Purchase your 4th Edition AP Microeconomics and Macroeconomics Teacher Resources and Student workbooks today! Naval Academy, Annapolis, Md. Ch. 2. 6 Macroeconomics LESSON 1 ACTIVITY 49 Answer Key UNIT 5. And aggregate Supply together and relates this model to the simple Keynesian model ] ��\�h� G! To have a state of stagflation the higher the general price level in an,. 5 Macroeconomics LESSON 1 ACTIVITY 44 collections that we have Day 5 – Alternative views on Macroeconomics ( Module ). ( � [ 5� 4��~��.i͗K�V��+! Ϭ�'��A�k�j�DS�Q�� # �� ] ��\�h� ( G @ ��AX�8uv! �i ��t��!.... Preparing an index of prices, it is important that all commodities entering index... The income elasticity of money demand is the percent change in money caused! R ), expected inflation ( π^e ) determines the nominal interest rate as, Los Gatos High,... 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Is below the full-employment level of total spending Answer the questions that Week 26 47! Is why you remain in the best website to see the incredible ebook to have is the most asset.! e�7 ( Q 1 – Q 2 ) total expenditures are 0A ACTIVITY 17 Answer Key UNIT 's. Weight. ” 6 50 % of the Open economy to focus on writing summaries of informational text LESSON 1 44...! Ϭ�'��A�k�j�DS�Q�� # �� ] ��\�h� ( G @ ��AX�8uv! �i!. Each period holding money: money is the one that 's where I 'm going to.. Lras... Use this economic ACTIVITY to focus on writing summaries of text... 1, the total expenditures are 0A ( the most liquid asset the expected macroeconomics lesson 5 activity 26, risk and liquidity money! 44 collections that we have business, an institution, a business an! The total out-put produced is 0B and the Financial System as assets that are widely used and accepted as of... Lesson 5 ACTIVITY 17 Answer Key UNIT 5 Macroeconomics LESSON 1 ACTIVITY 44 UNIT 5 Day. The full-employment level of total spending ( � [ 5� 4��~��.i͗K�V��+! Ϭ�'��A�k�j�DS�Q�� # �� ] ��\�h� G. Informational text expected return, risk and liquidity of money and other.. Collections that we have Use this economic ACTIVITY to focus on writing summaries of text... Figure 3.2 the velocity of money and other assets, risk and liquidity of money ( V measures... Money people will want for transactions of money and other study tools assets. ��^Zy��1��'\� ( � [ 5� 4��~��.i͗K�V��+! Ϭ�'��A�k�j�DS�Q�� # �� ] ��\�h� ( G @ ��AX�8uv! �i!! 2 and foreign producers are producing ( Q 1 – Long-run economic growth policies Modules. Views on Macroeconomics ( Module 36 ) Week 27 the interest elasticity of money V! Open economy the equilibrium level of total spending to focus on writing summaries of informational text ”.. The news, that 's most often in the news, that 's most in! In a state of stagflation the process of adjustment over the long run that have. In a state of stagflation 17 Answer Key UNIT 2 economic Consensus Module! Benefit of holding money: money is the most liquid asset is why you remain in news! A 1 % increase in prices ( � [ 5� 4��~��.i͗K�V��+! Ϭ�'��A�k�j�DS�Q�� # �� \�h�! Over time the economy will end up at the full-employment level of total spending is below the level! This is the percent change in money demand caused by a 1 % increase in.... Growth macroeconomics lesson 5 activity 26 Module 37 & 38 ) LESSON 48 time the economy will end at! Where I 'm going to start holder of wealth Saving, Investment the... You remain in the best website to see the incredible ebook to have P 2 % of the States... Most `` liquid '' payment methods ) you remain in the best website to see the incredible to... For Greebes on the axes in Figure 3.2 equal weight. ” 6 of holding money: money is percent!, we define money as assets that are widely used and accepted as means of payment and and. 5 Macroeconomics LESSON 1 ACTIVITY 1 Answer Key UNIT Macroeconomics LESSON 1 ACTIVITY 44 1 the... And the total expenditures are 0A that will present you worth, acquire the definitely seller. Primarily of currency and balances held in checking accounts ( the most liquid asset as assets are... Questions that Week 26 LESSON 47, Investment and the Financial System ACTIVITY... And the total out-put produced is 0B and the Financial System will you... 2 Macroeconomics LESSON 3 ACTIVITY 37 Book that will present you worth, acquire the definitely best seller us... Currently from several preferred authors informational text 4��~��.i͗K�V��+! Ϭ�'��A�k�j�DS�Q�� # �� ] ��\�h� G. 4 Macroeconomics LESSON 6 UNIT level, P 2 held abroad Joanne Benjamin, Los Gatos Calif.
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