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EPF, Module 6: Micro/Macro/Fiscal Policy

EPF, Module 6: Micro/Macro/Fiscal Policy

Assessment

Presentation

•

History

•

12th Grade

•

Easy

Created by

Gabriel Al-Shaer

Used 8+ times

FREE Resource

72 Slides • 35 Questions

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Open Ended

Now that you've had the chance to review you exam grades, how do you feel you did? What would you like to do differently for the next exam?

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Fill in the Blank

Fill in the blank: Money is a "___ of exchange" allowing people to trade a form of payment for a good or service.

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Multiple Choice

According to Investopedia, what is the primary function of money?

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A store of value

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A medium of exchange

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A measure of wealth

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A source of debt

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Open Ended

How has the history of money evolved over time?

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Multiple Select

Which of the following statements are true about the concept of money as described in the lesson?

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Money is only valuable if backed by gold.

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Money can represent time spent earning it.

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Money is always a physical object.

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Money can be exchanged for goods or services.

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Multiple Choice

How is the value of money determined according to both the simple and complex views presented?

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By the amount of gold backing it

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By government decree

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By time spent earning it and willingness to exchange for goods/services

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By the number of people using it

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Open Ended

What are some factors that can influence the value of money over time?

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Multiple Choice

Which of the following are considered world currencies?

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Dollar, Pound, Euro, Yuan, Ruble

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Dollar, Peso, Rupee, Yen, Franc

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Dollar, Pound, Franc, Lira, Yen

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Dollar, Peso, Euro, Rupee, Ruble

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Open Ended

How can inflation affect the purchasing power of money within a country?

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Multiple Choice

What is currency and how does its value change both domestically and internationally?

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Currency is a type of loan; its value changes with interest rates.

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Currency is money exchanged for goods and services; its value changes due to inflation and exchange rates.

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Currency is a form of tax; its value changes with government policy.

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Currency is a commodity; its value changes with supply and demand.

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Open Ended

In review of yesterday's lesson, relate your reading today to some aspect of currency or value. Provide a quick summary before discussing the connection.

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Fill in the Blank

Any data that provides information on the current and future economic health of a society is called an economic ___.

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Multiple Choice

Which of the following is NOT listed as a key economic indicator in the image?

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Gross Domestic Product (GDP)

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Consumer Price Index (CPI)

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Stock Market Index (SMI)

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National Debt

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Open Ended

Explain the significance of Gross Domestic Product (GDP) as an economic indicator.

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Multiple Select

Which of the following are components included in the calculation of GDP?

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Consumer spending

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Business investment

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Government spending

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Imports

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Open Ended

What does the Consumer Price Index (CPI) measure and why is it important for understanding economic conditions?

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Multiple Choice

Which of the following websites would you use to find out how the Consumer Price Index (CPI) is measured and calculated?

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12 Month Inflation Change (CPI)

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Inflation Calculator

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Unemployment Rate Data

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Federal Reserve Interest Rates

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Open Ended

Why does the value of money not stay the same over time?

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Multiple Choice

Which of the following statements best describes inflation?

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It measures the increase in the price of goods and services over time.

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It measures the decrease in the value of money only.

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It is the process of printing more money.

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It is the reduction in the number of goods produced.

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Open Ended

What is the current unemployment rate of the United States? What is the highest the unemployment rate has ever been in the U.S.?

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Open Ended

Explain the significance of the National Debt. Does it matter? Why or why not? Feel free to take a second to research

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Open Ended

In at least one paragraph, summarize your understanding of the national debt according to the previous video

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Open Ended

Who does the government borrow money from? How does the govt. borrow money?

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Open Ended

In your own words, how is the federal budget created?

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Multiple Select

Where does the government obtain its revenue? (Select all that apply.)

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Individual income taxes

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Graft/Corruption

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Payroll taxes

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Corporate income taxes

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Open Ended

What did the U.S. spend the most money on in 2023? What does the United States' spending say about its values as a country?

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Open Ended

Reading log: provide a brief overview of what you had the chance to read from your text this week. What was particularly striking, or what is something that stood out to you?

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Open Ended

Why do different businesses (like Starbucks, Netflix, or your local corner store) succeed using different models?

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Open Ended

In three minutes, compare and contrast a sole proprietorship and a partnership.

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Open Ended

What is one striking thing you noticed about the previous graphic? What is one thing it makes you wonder?

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Open Ended

In one sentence, summarize the previous video.

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Multiple Choice

Which of the following is an example of a Franchise?

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REI

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McDonald's

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Pepsi

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Best Western

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Open Ended

How can having an understanding of different business models help you as a consumer? If you are interested in being a business owner, what did you take away from the lesson?

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Multiple Choice

Which of the following topics is NOT listed as part of Module 6?

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Currency

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Businesses

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Shark Tank

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Inflation

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Open Ended

Reflecting on Module 6, what aspect of macro, micro, or fiscal policy would you like to learn more about or discuss further?

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