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What is the proper role of government in the economy? *
How would John Maynard Keynes answer the previous question? *
Summarize the role of the Federal Government in the American economy. (Text 1) *
Describe how three different governmental institutions carry out the role of the Federal Government in the domestic economy. (Text 1) *
Look at the map of “The Federal Reserve System.” Which quadrant of the United States has the most Federal Reserve Banks? (Text 1) *
What is the Consumer Price Index (CPI), and why is the Bureau of Labor Statistics in charge of reporting it? (Text 2) *
What is the gross domestic product (GDP), and what usually happens when the GDP increases at a steady rate? (Text 2) *
 In the midst of the Great Depression of the 1930s, British Economist John Maynard Keynes advocated a two-pronged approach to dealing with the economic disaster. What did Keynes's approach call for the government to do? (Text 3) *
What tools are available to the Federal Reserve Board (the Fed) to influence the nation's economy? (Text 4) *
Which of the tools that is available to the Fed to influence monetary policy might produce the quickest results? Why? (Text 4) *
Research the C.A.R.E.S. ACT that was just recently passed, list 3 pro's and con's that you've learned. *
Essential Question for this topic: "What is the proper role of government in the economy?" Now that you have studied this lesson, how would you answer that question? Think about issues, such as the following: taxes, employment, spending, borrowing. Write a few sentences explaining your answer. *
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