Transcript PowerPoint

Hi
• 1. Please turn in the explanations of the 4 pictures to
the folder on top of the PROJECTOR CART. You have
until 30 seconds after the late bell to turn this in.
Because it was a one day assignment, it will not be
accepted late.
• 2. At your desk, you need the following:
– Cell phone if you have it (we’re using it for something
academic!)
– Dry erase board and marker
– Study guide opened to page 5
• 3. Yesterday, you missed the notes for Learning Goals
3-4. You’ll need to do that tonight. You will still take
the quiz tomorrow.
• “Spending Money” – Jimmy Buffett
Item
TV
With $500
With $1,000
2
7
iPod/iPhone/iPad
10
14
Video game system
4
6
Video games
960
1920
iTunes songs
900
3510
New clothes
3480
4330
New bag/purse
50
150
New Shoes
980
2510
Tickets to a show,
concert, or sporting
event
1600
3600
If we have poor people, why doesn’t the Federal Reserve just
print $100,000 for every American so they can afford things?
• People get more money  Demand for every item
goes up.
• Demand for every item goes up  Prices go up
• Prices go up so much  $100,000 can become
almost worthless!