Economics

Homework due Monday, January 6

Economics in Our Times

       Read pp 354-360, 364.  Be sure to read “Economics and People”, pp 357-358.

       Write answer to Question 1 on p. 358

       Write answers to Learning Checks:

             p. 359, # 1-4

             p. 364, #1-4

       Write definitions for the following terms in your own words (DO NOT copy the                     textbook’s definition):

                fiscal policy

                expansionary fiscal policy

                contractionary fiscal policy

                crowding out

                crowding in

                expansionary monetary policy

                contractionary monetary policy

Complete the following handouts:

            Chapter 14, Section 1 Quiz

            Chapter 14, Section 2 Quiz