ROSENBERG
ECONOMICS 2009
UNIT 3 – MONEY & THE FEDERAL RESERVE
HW #1: What is money and what does it do? DUE THURSDAY, MARCH 19
Read pages 69-74
1. Explain what money is and describe three functions that it performs.
2. Create a chart that compares currency, barter, and checkbook money.
HW #2: Banks and what they do DUE FRIDAY, MARCH 20
Read pages 74-75, 78-83
1. Explain how banks create money by making loans.
2. How does the Federal Reserve System control the availability of currency?
HW #3: Inflation DUE MONDAY, MARCH 23
Read pages 86-96
1. Define inflation and deflation.
2. How does inflation affect different groups of people?
3. Explain the difference between demand-pull and cost-pull inflation. What are the causes of each?
HW #4: Who is Helped and Who is Hurt by Inflation? DUE THURSDAY, MARCH 26
Complete worksheet.
HW #5: Monetary and Fiscal Policy DUE FRIDAY, MARCH 27th
Read pages 456-461
1. Define monetary policy and fiscal policy.
2. Give two examples of each.
WE WILL MOST LIKELY HAVE OUR NEXT TEST ON TUESDAY, MARCH 31st
ALSO! DON'T FORGET THAT PARENT-TEACHER CONFERENCES ARE ON THURSDAY, MARCH 26TH AND MARCH 27TH
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