AP Macro Unit 5 Review

What's his name & Economic School of Thought?

• John Keynes

  Fiscal

• Adam Smith

  Monetarist

• Adam Smith

  Classical

• Milton Friedman

  Monetarist

What's his name & Economic School of Thought?

• John Keynes

  Keynesian

• John Keynes

  Monetarist

• Adam Smith

  Classical

• Milton Friedman

  Monetarist

What's his name & Economic School of Thought?

• John Keynes

  Keynesian

• Milton Friedman

  Classical

• Adam Smith

  Classical

• Milton Friedman

  Monetarist

Match the following as Classical, Fiscal, or Monetary

• Keynes

• Monetary

• Friedman

• Fiscal

• Smith

• Classical

Match the following as Classical, Fiscal, or Monetary

• Congress

• Classical

• Invisible Hand

• Monetary

• Fed

• Fiscal

Match the following as Classical, Fiscal, or Monetary

• Open Market Operations

• Classical

• Hands Off

• Monetary

• Taxes & Government Spending

• Fiscal

Match the following as Classical, Fiscal, or Monetary

• Budget Deficit & Politics

• Classical

• Self correction

• Fiscal

• Reserve requirement, discount rates, excess reserves

• Monetary

Match the following as Classical, Fiscal, or Monetary

• Crowding Out

• Classical

• Takes too long

• Fiscal

• Fed can't force it

• Monetary

Match the following as Classical, Fiscal, or Monetary

• Tax Multiplier & Expenditure Multiplier

• Fiscal

• No multiplier

• Classical

• Money Multiplier

• Monetary

Match the following as Classical, Fiscal, or Monetary

• SRAS

• Fiscal

• I(r) & NX(e)

• Classical

• C(y-t) & G

  NX(e) & I(r)

• Monetary