Do you need a fantastic activity that provides your students with plenty of graphing practice with the effects of monetary policy? This activity is the perfect tool you need to guide your students toward a deeper comprehension of the effects monetary policy has on economic conditions!
This activity includes:
1) This "The Effects of Monetary Policy" Activity provides your students with 5 different sections where they can practice the principles taught in your classroom! First, your students will be asked to identify the type and size of GDP gap that exists in an aggregate economy, and then list the appropriate monetary policy needed to return the economy to equilibrium. Then, students will be asked to explain how the monetary policy identified will impact the supply of money in the money market, the nominal interest rate, investment demand, and eventually how those changes will close the GDP gap. Your students will then be asked to do the same for 3 different types of GDP gaps in 3 additional examples using different monetary policy options. Lastly, students are asked to use their knowledge to analyze 8 different aggregate economies provided and identify the type of gap that exists. Students will determine the monetary policy needed to close the GDP gap, graph the change on a money market graph and investment demand graph, and then investigate how the policy will return the aggregate economy to full employment.
This activity can be used in many different ways in the classroom. Students can work independently, in pairs or this activity can be used as a jigsaw in order to facilitate a class wide discussion about the topics discussed in the activity.
2) A detailed answer key to the lesson activity to save you time and help guide student comprehension.
This activity can also be found in a bundle paired with a PowerPoint, Keynote and PDF version of a fully customizable lecture found here:
If you like this activity, check out our Unit Activity Bundle that includes activities for all of the objectives in this unit.
Best of all, this activity aligns to our "Unit 4.4 - The Effects of Monetary Policy" video lecture, which can be found here:
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