AP ECONOMICS: October 16 A.P. Economics Learning Target

AP ECONOMICS: October 16 A.P. Economics Learning Target

AP ECONOMICS: October 16
A.P. Economics Learning Target #1
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 explain why a balanced federal
budget has an expansionary effect on the economy.
A.P. Economics Learning Target #2
In order to understand how changes in equilibrium price level and
national output impact the foreign sector, I will analyze the impact of
the price level effect and output effect. I will know I have it when I
can explain how a change in price level and output/national income
impacts U.S. exports and imports.
--go over Worksheet 21.2 (HO from earlier)
--balanced budget multiplier
--Spending and Taxation Multiplier Quiz (HO)
--Key Concepts From AD-AS Model (HOaka KCHO)
Assignment:
--work on MCT #2 practice questions (HO from earlier)
--work on MCT #2 Take Home Portion (due Thursday)
--watch videos at Mr. Cliffords web site (AC-DC Economics)
FRQs (Multipliers & KCHO) are Wed. and MCT is Thurs.

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