| Steven M. Reff Economics Lecturer University of Arizona (2007 - 2016) The 2015 University of Arizona Five-Star Faculty Award Steven Reff's Resume |
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Unit 5: Long-Run Consequences of Stabilization Policies
• Topic 5.1 Fiscal and Monetary Policy Actions in the Short Run
• Topic 5.2 The Phillips Curve
• Topic 5.3 Money Growth and Inflation
• Topic 5.4 Government Deficits and the National Debt
• Topic 5.5 Crowding Out
• Topic 5.6 Economic Growth
• Topic 5.7 Public Policy and Economic Growth
• Topic 5.1 Fiscal and Monetary Policy Actions in the Short Run
• Topic 5.2 The Phillips Curve
• Topic 5.3 Money Growth and Inflation
• Topic 5.4 Government Deficits and the National Debt
• Topic 5.5 Crowding Out
• Topic 5.6 Economic Growth
• Topic 5.7 Public Policy and Economic Growth
| (20% – 30% of the exam) |
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| Unit 5 LR Consequences of Stabilization Policies |
| Week 11 |
| Principles of Macroeconomics |
Topic 5.3 Money Growth and Inflation
| Day 1: Week 11 |
Topic 5.1 Fiscal and Monetary Policy Actions in the Short Run
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| Day 2: Week 11 |
| Day 5: Week 11 |
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Stabilization Fiscal and Monetary Policy Actions (four interactive activities using ASAD and MM graphs)
Inflation Risk? (March 2021):
https://reffonomics.com/CE15zRAeconomics2021.html
https://reffonomics.com/CE15zRAeconomics2021.html
Yellen Expects U.S. Economy to Return to Full Employment in 2022
(March 2021):
https://reffonomics.com/CE16BzRAeconomics2021.html
(March 2021):
https://reffonomics.com/CE16BzRAeconomics2021.html
Household Spending Picks Up After Cooling Last Month (March 2021):
https://reffonomics.com/CE18BRAeconomics2021.html
https://reffonomics.com/CE18BRAeconomics2021.html
What is in the Bi-Partisan Infrastructure Bill (November 2021):
https://reffonomics.com/CE19InfrastructureBill.html
https://reffonomics.com/CE19InfrastructureBill.html
FED Interest Rate Hikes (June 2022):
https://reffonomics.com/CE1amplereserves1.html
https://reffonomics.com/CE1amplereserves1.html
| eTextbook Reading: |
| eVideos -- Short Videos: |
| eWorkbook Activities Interactive: |
| TEST Your Knowledge |
| eTextbook Reading: |
| eVideos -- Short Videos: |
| eWorkbook Activities Interactive: |
Topic 5.2 The Phillips Curve
| News Articles on Monetary Policy: |
| eTextbook Reading: |
| eWorkbook Activities Interactive: |
| TEST Your Knowledge |
| Day 3: Week 11 |
| Day 4: Week 11 |
| (3 min. or less, along with 3 multiple choice questions) |
| (3 min. or less, along with 3 multiple choice questions) |
In May 2020, savings accounts were moved from M2 to M1 as the rules
for the number of withdrawals without penalty were abolished. This is why
in the link below you see such a drastic drop in the velocity of in M1,
as people keeping money in their savings accounts have a propensity
not to withdraw money from their savings accounts that many times during
the month.
for the number of withdrawals without penalty were abolished. This is why
in the link below you see such a drastic drop in the velocity of in M1,
as people keeping money in their savings accounts have a propensity
not to withdraw money from their savings accounts that many times during
the month.
| FRQ Your Knowledge |