Objective:
Warm-up:
Compare fiscal and monetary policy.
How do we end up with a budget surplus? Budget deficit?
Explain the process of developing budget, including fiscal year, budget resolution, cost, benefit, and political agenda.
What does Reaganomics mean?
Analyze the philosophy of economic planning.
When would we use a sequester?
How do entitlements, UI, SSI, TANF, and Medicare impact the federal budget?
Do you favor majoritarian politics? Why or why not?