Sign in with Google Standards for Fiscal and Monetary Policy Process and Interactive Quiz
National Standards in Economics
Standard: 20
Name: Fiscal and Monetary Policy
The U.S. federal government's taxation and spending policies, and the Federal Reserve System's monetary policies affect the nation's overall levels of employment, output, and prices. However, many government taxation and spending activities are undertaken for other reasons, as well. Government expenditures for national defense, human services, and other purposes are made to meet specific objectives and not primarily because of their fiscal policy effects. Other important objectives must be merged with the goals of full employment, price stability, and economic growth. Therefore, government programs may have contradictory effects upon employment and inflation. Understanding these effects is complicated also by the time lags that occur before action taken pursuant to a specific policy begins to affect overall levels of employment, output, and prices. In spite of these difficulties, policy makers and the general public continue to examine and debate the overall stabilization effects of public policy actions, because the consequences are so important. Citizens should understand the role of conflicting objectives and the limitations on the effectiveness of economic stabilization policies in order to develop realistic expectations about what can be accomplished with taxation, spending, and monetary policies.
- 4-12: Students will understand that: Federal government budgetary policy and the Federal Reserve System's monetary policy influence the overall levels of employment, output, and prices.
- 4-12: Students will be able to use this knowledge to: Anticipate the impact of the federal government and the Federal Reserve System macroeconomic policy decisions on themselves and others.
Common Core State Standards
Name: CCRA.L.6
Standard: College and Career Readiness Anchor Standards for Language
Area: College and Career Readiness Anchor Standards for Language
- Acquire and use accurately a range of general academic and domain-specific words and phrases sufficient for reading, writing, speaking, and listening at the college and career readiness level; demonstrate independence in gathering vocabulary knowledge when encountering an unknown term important to comprehension or expression.
Name: RH.11-12.1
Standard: History/Social Studies -- Grade 11-12
Area: History/Social Studies -- Grade 11-12
- Cite specific textual evidence to support analysis of primary and secondary sources, connecting insights gained from specific details to an understanding of the text as a whole.
Name: RH.11-12.2
Standard: History/Social Studies -- Grade 11-12
Area: History/Social Studies -- Grade 11-12
- Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas.
Name: RH.11-12.7
Standard: History/Social Studies -- Grade 11-12
Area: History/Social Studies -- Grade 11-12
- Integrate and evaluate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, as well as in words) in order to address a question or solve a problem.
Name: RH.11-12.9
Standard: History/Social Studies -- Grade 11-12
Area: History/Social Studies -- Grade 11-12
- Integrate information from diverse sources, both primary and secondary, into a coherent understanding of an idea or event, noting discrepancies among sources.
Name: RH.9-10.1
Standard: History/Social Studies -- Grade 9-10
Area: History/Social Studies -- Grade 9-10
- Cite specific textual evidence to support analysis of primary and secondary sources, attending to such features as the date and origin of the information.
Name: RH.9-10.2
Standard: History/Social Studies -- Grade 9-10
Area: History/Social Studies -- Grade 9-10
- Determine the central ideas or information of a primary or secondary source; provide an accurate summary of how key events or ideas develop over the course of the text.
Name: RH.9-10.7
Standard: History/Social Studies -- Grade 9-10
Area: History/Social Studies -- Grade 9-10
- Integrate quantitative or technical analysis (e.g., charts, research data) with qualitative analysis in print or digital text.
Name: RH.9-10.9
Standard: History/Social Studies -- Grade 9-10
Area: History/Social Studies -- Grade 9-10
- Compare and contrast treatments of the same topic in several primary and secondary sources.
Name: WHST.11-12.1
Standard: Writing Grade 11-12
Area: Writing Grade 11-12
- Write arguments focused on discipline-specific content.
Name: WHST.11-12.2
Standard: Writing Grade 11-12
Area: Writing Grade 11-12
- Write informative/explanatory texts, including the narration of historical events, scientific procedures/ experiments, or technical processes.
Name: WHST.11-12.7
Standard: Writing Grade 11-12
Area: Writing Grade 11-12
- Conduct short as well as more sustained research projects to answer a question (including a self-generated question) or solve a problem; narrow or broaden the inquiry when appropriate; synthesize multiple sources on the subject, demonstrating understanding of the subject under investigation.
Name: WHST.9-10.1
Standard: Writing Grade 9-10
Area: Writing Grade 9-10
- Write arguments focused on discipline-specific content.
Name: WHST.9-10.2
Standard: Writing Grade 9-10
Area: Writing Grade 9-10
- Write informative/explanatory texts, including the narration of historical events, scientific procedures/ experiments, or technical processes.
Name: WHST.9-10.7
Standard: Writing Grade 9-10
Area: Writing Grade 9-10
- Conduct short as well as more sustained research projects to answer a question (including a self-generated question) or solve a problem; narrow or broaden the inquiry when appropriate; synthesize multiple sources on the subject, demonstrating understanding of the subject under investigation.
