Written Conversation: Fiscal Policy vs. Monetary Policy
Directions:
1. Get with a partner and fully read all directions; review what you have learned regarding the efficacy of US economic policy. Resource: Fiscal Policy vs. Monetary Policy
2. Read and consider the question below:
“Which type of policy is more effective in addressing the needs of the US economy - Fiscal Policy or Monetary Policy?”
3. Then you will engage in a written conversation with your partner to discuss your thoughts on paper; this is a SILENT activity!
4. Each of you will be graded for your use of vocabulary as well as Accountable Talk writing prompts.
You must use at least 5 of the following vocabulary terms correctly in your conversation (1 point each/5 points total):
Inflation
Recession
Expansionary Policy
Contractionary Policy
Business Cycle
Gross Domestic Product (GDP)
Unemployment Rate
Consumer Price Index (CPI)
Fiscal Policy
Monetary Policy
Taxing / Spending
Interest Rate
Open Market Operations
Reserve Requirement
Board of Governors
Congress / President
Budget
b. You must use at least 5 of the following Accountable Talk Writing prompts in your conversation (1 point each/5 points total):
“I agree with _____ because _____.”
“I agree with _____; but on the other hand, _____.”
“I disagree with _____ because _____.”
“I’m not sure I agree with what _____ said because _____.”
“I can see that _____; however, I disagree with (or can’t see) _____.”
Paraphrase what you heard and ask, “Could you explain a bit more, please?”
“I’m not sure I understood you when you said _____. Could you say more about that?”
“What’s your evidence?”
“I think _____.”
“I believe _____.”
“I don’t understand _____.”
“I am confused about _____.”
“This makes me think _____.”
“I want to know more about _____ because ______.”
“Now I am wondering _____.”
“Can you tell me more about _____?”
