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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 _____?”

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