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

• Friedman

• Fiscal

• Smith

• Monetary

• Keynes

• Classical

Match the following as Classical, Fiscal, or Monetary

• Invisible Hand

• Monetary

• Congress

• Classical

• Fed

• Fiscal

Match the following as Classical, Fiscal, or Monetary

• Taxes & Government Spending

• Monetary

• Hands Off

• Classical

• Open Market Operations

• Fiscal

Match the following as Classical, Fiscal, or Monetary

• Reserve requirement, discount rates, excess reserves

• Fiscal

• Self correction

• Classical

• Budget Deficit & Politics

• Monetary

Match the following as Classical, Fiscal, or Monetary

• Takes too long

• Monetary

• Fed can't force it

• Fiscal

• Crowding Out

• Classical

Match the following as Classical, Fiscal, or Monetary

• Money Multiplier

• Fiscal

• Tax Multiplier & Expenditure Multiplier

• Classical

• No multiplier

• Monetary

Match the following as Classical, Fiscal, or Monetary

• I(r) & NX(e)

• Monetary

• SRAS

• Classical

• C(y-t) & G

  NX(e) & I(r)

• Fiscal