Mr. Fitch
Downtown College Prep El Primero High School
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  • APUSH
    • Syllabus
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      • Historical Thinking Skills, Thematic Objectives, DBQ, LEQ, SAQ
      • AP Exam >
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    • Resources
    • Period I (1): 1491-1607
    • Period II (2): 1607-1754
    • Period III (3): 1754-1800
    • Period IV (4): 1800-1848
    • Period V (5): 1844-1877
    • Period VI (6): 1865-1898
    • Period VII (7): 1890-1945
    • Period VIII (8): 1945-1980
    • Period IX (9): 1980-Present
  • Government
    • Syllabus
    • Ch 1: American Government and Civic Engagement
    • Ch 2: The Constitution and Its Origins
    • Ch 3: American Federalism
    • Ch 4: Civil Liberties
    • Ch 6: The Politics of Public Opinion
    • Ch 7: Voting and Elections
    • Ch 8: The Media
    • Ch 9: Political Parties
    • Ch 10: Interest Groups
    • Ch 11: Congress
    • Ch 12: The Presidency
    • Ch 13: The Courts
    • Ch 14: State and Local Government
    • Ch 17: Foreign Policy
  • Economics
    • Syllabus
    • PBL-Fiscal and Monetary Policy
    • Monetary Policy
    • Credit
    • Taxes
    • Debt Busters
    • Creating a LinkedIn Profile
    • Key Characteristics of U.S. Economic System
    • Economic Systems
    • GDP, Unemployment, Inflation
    • Measuring the Economy
    • Stock Market Simulation
    • 401K, Stock Indexes, Mutual Funds and ETFs
    • Inflation
    • Supply and Demand
    • Federal Budget Challenge
    • Career and Budget
    • Assessments
  • Academic Success Center

PBL-Fiscal and Monetary Policy - President's Dilemma

 Economic indicators 
​Economic indicators - GDP, CPI and unemployment rate
Two-minute economic lessons
What is an economic indicator - dejargoned

Consumer Price Index
What is the Consumer Price Index?
FAQs about the CPI (for your reference - if you wanted to know additional information)

The Discount Rate
The interest rate charged to financial institutions when they borrow money from the Federal Reserve's discount window lending facility.
The discount window allows banks to borrow money for very short term operating needs. These loans are typically extended for 24 hours or less. 
Discount rate is one of the Fed's three monetary policy tools.  The other two are (1) reserve requirements (2)​ open market operations
Nominal v. Real
The main difference between nominal and real values is that real values are adjusted for inflation, while nominal values are not. As a result, nominal GDP will often appear higher than real GDP.
Nominal values of GDP (or other income measures) from different time periods can differ due to changes in quantities of goods and services and/or changes in general price levels. As a result, taking price levels (or inflation) into account is necessary when determining if we are really better or worse off when making comparisons between different time periods. Values for real GDP are adjusted for differences in prices levels, while figures for nominal GDP are not.

Remember our example of movies adjusted and unadjusted for inflation: http://www.boxofficemojo.com/alltime/adjusted.htm

​Unemployment
​Measuring unemployment
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