Nov. 9, 2007
Standard 8: Understands basic concepts of United States fiscal policy and monetary policy
Benchmark 9. Understands that changes in the money supply lead to changes in interest rates and in individual and corporate spending which may influence the levels of spending, employment, prices, and economic growth in the economy.
What is the Federal Reserve?
What factors can cause the economy to slow down?
Why is it important for Ben Bernanke to inform Congress about the future of the economy?
Why does the state of the economy affect the interest rates for citizens?
How can changes in the national money supply influence the level of unemployment?
What is inflation?
The slowing condition of the economy will be one of the top stories in all newspapers and newscasts around the country. Why do you think the media feels this is important to the public?
How may the slow status of the U.S. economy affect you in your daily life? Write three paragraphs.
- Federal Reserve
- Inflation
- Economy
- Fiscal Year
- Interest Rate
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