Author Archives: arely525

Pretend for  moment you are teaching this class and you need to write questions for an exam covering this chapter.  Write three short answer questions and give 2 answers for each — an adequate response and a very good response.  You questions should cover highlights from the chapter.  Don’t choose identification or list questions, requireContinue reading “Chapter 19 Reflection”

What concepts or theories did you find most interesting and/or useful?  Is there an area where you changed your thinking? I think that I really liked learning about the open economy and how that works trade will always need to happen in order for the world to keep going, I feel like something I foundContinue reading “Chapter 23 Reflection”

Describe the short run trade-off between inflation and unemployment.  Why is there not a long-run trade-off?  How long do you think the short-run lasts? (Or do you believe there is a trade-off at all – many economists don’t.  Why? A shortrun trade-off happens when the economy comes closer to full employment, we also experience aContinue reading “Chapter 22 Reflection”

How does consumer confidence interact with public policies when in a recession?  How about in a boom?  Does it make policies more effective or less effective in achieving economic stability? Why?  Their confidence impacts their economic decisions—like their spending activity, which then allows polices to come into place around the things that are purchased, allowing money toContinue reading “Chapter 21 Reflection”

This chapter is all about short term fluctuations in the economy – recessions and booms.  After reading the chapter what do you think about the current US (or Colorado) economy? Is a recession coming soon? Why or why not?  Is the economy in danger of overheating? Why or why not? (This is part of whyContinue reading “Chapter 20 Reflection”

Have you considered the trade-off between risk and return when making an investment?  Did it change your investment? Do you expect a risk premium related to the level of risk?  I feel like yes I have but I’ve never really thought about it a lot I do think about investing money on more expensive productsContinue reading “Chapter 14 Reflection”

Many of you live in an area with high cost of living.  Is that something you considered before you moved to a ski area? Not really all my parents looked for was coming here for all of us was just a better life. 1.  How much can someone change the rate of inflation they faceContinue reading “Chapter 11 Reflection”

Post your 3 favorite margin notes from this chapter.  Why did you highlight and comment on these particular points in the text? (I know some of you don’t take notes as you read – just jot down three things that you found interesting in the chapter and why.) What a open-economy is and how toContinue reading “Chapter 18 Reflection”

The phrase “printing money” tends to be tossed around in discussions about the money supply.  How important is cash to the overall money supply?  In our system the Federal Reserve Board has at least some control over the money supply.  How are they related to the Federal government? Money supply is how much money isContinue reading “Chapter 16 Reflection”

What are the costs of inflation?  Which is most important?  How about deflation?  Would that be a problem and for whom? The FRB worries more about deflation. Why? Do you agree? Why or why not? There are really three major costs of inflation: Menu costs, the costs undertaken by businesses to update pricing ( ShoeContinue reading “Chapter 17 Reflection”