AP GOV MOCK EXAM
1. Review journals 112-114
2. Journal 112 - How does the "efficient market hypothesis" relate to laissez-faire economics?
3. Analyze figure 17.1 / Does the president actually control the economy? Who does?
4. Journal 113 - Distinguish between mandatory and discretionary spending.
5. Journal 114 - What is the difference between a flat tax and a progressive tax? Which do you think is fairer?
3. Analyze figure 17.1 / Does the president actually control the economy? Who does?
4. Journal 113 - Distinguish between mandatory and discretionary spending.
5. Journal 114 - What is the difference between a flat tax and a progressive tax? Which do you think is fairer?
6. 17.1 - 17.3 pop quiz
7. AP GOV MOCK EXAM
Home Learning:
1. By now you should have read 17.1 - 17.3.
2. Read 17.4 and 17.5
3. Journal 115 - Since WWII, how has federal spending changed concerning payments to individuals and costs of national defense? (17.4)
4. Journal 116 - What is the legal basis of the federal income tax? (17.5)
5. Journal 117 - What might happen if national tax policy were determined according to principles of majoritarian democracy and not pluralist democracy? (17.5)
5. Chapter 17 Vocabulary Quiz: tomorrow!
Terms to know: efficient market hypothesis, economic depression, inflation, stagflation, business cycle, aggregate demand, productive capacity, gross domestic product (GDP), Keynesian theory, fiscal policies, monetary policies, deficit financing, Federal Reserve System, supply-side economics, fiscal year, budget authority, budget outlays, receipts, national debt, Office of Management and Budget (OMB), tax committees, mandatory spending, discretionary spending, entitlements, progressive taxation,
Enrichment:
1. "Fight of the Century": Keynes vs. Hayek Rap Battle Round Two
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