What two entities are involved in Fiscal Policy? What are the TWO tools used in Fiscal Policy?

What two entities are involved inFiscal Policy?

What are the TWO tools used inFiscal Policy?

ECON 200Students’ Answers

Money is currency. 53

The Bureau of Engraving and Printing (BEP)produces currency and stamps, and the U.S. Mint produces our nation's coins.

Money is the economy! 6

Green paper that makes everyone happy!

Money is wealth.

Money is money.

Currency that is backed by gold.

Money is the value of gold.

Money is something of great worth.

$890 an ounce

$250,000,000 Zimbabwe dollars = $6.68 U.S. Dollars

Money is the root of all evil! 3

A green piece of paper with deadPresidents on it.

Money is something that has a value to it.

Money makes the world go around.

Money is anything that is generally acceptable in the exchange for goods and services.

By Gus Maller

(1840 - 1870)The Saloon Keeper

Pine Gulch waslocated 65 miles north/northeastof SanFrancisco

*Pine Gulch

What did the mining town of Pine Gulch look like?

MP3 Format Sound

http://banjo2.virtualave.net/photographs.html

Hilton Hotel

http://www.blackcowboys.com/blackcowboys.htm

OneHorseCharlie

Mary FieldsPostmaster andStagecoach owner

PonchoSanchez

http://fermat.stmarys-ca.edu/~jpolos/paper/s_1036.jpg

What do you think was used as moneyin Pine Gulch?

http://www.surfnetinc.com/chuck/v-sw1.jpg

http://www.ranchpegasus.it/page1.htm

http://www.bignosekates.com/

6’4” tall

Weighed 240 pounds

Quickest draw in theterritory

“How much are you going to pay me”?

“How much gold dust will I be guardingeach month”?

“1 percent of all the gold dust you guard per month.”

“You’ll be guarding on average about $20,000worth of gold dust per month.”

$200 per month


Slim’s

Assets = Own Liabilities = Owe

+1 +1

Assets Liabilities

$10,000 Gold Dust $10,000 Receipts

http://www.denix.osd.mil/denix/Public/ES-Programs/Conservation/Legacy/Settler/sett12.html


Slim’s

*Pine Gulch

Assets Liabilities

$10,000 Gold Dust $10,000 receipts $10,000 New Receipts

Written onwild green paperwith wild pink ink

Now, what is considered to be money in Pine Gulch?

The New Receiptswritten on wild green paperwith wild pink ink

Why are these receipts considered to bemoney?

BECAUSE THEY ARE GENERALLYACCEPTABLE IN THE PAYMENT FORGOODS AND SERVICES!!!!!!!


$ $

$

http://www.sanbenitohouse.com/images/saloon.jpg

I, Gus,owe Slim,$5,000 +$1,000payable in6 months.

Assets Liabilities

$10,000 Gold Dust $10,000 Receipts+5,000 Receipts15,000 Receipts

5,000 Loan15,000

More money?

Less money?

More!!!

Increase the stock of liquor

Assets Liabilities


5,000 Loan15,000

-6,000-5,000 repaid loan9,00010,000

ReceiptsReceipts

Assets Liabilities


5,000 Loan15,000

-6,000-5,000 repaid loan9,00010,000

+ Owner’s Equity

+1,000 Slim’s claim10,000

ReceiptsReceipts

Chapter 32 in the book

This guy rides into town

6’9” tall

290 Pounds

http://www.tombstonemotels.com/gunslinger.htm

BigBart

http://www.fastdraw.org/

Assets Liabilities

110,000 Receipts30,000 Gold Dust100,000 Loans

+ Owner’s Equity

20,000 Slim’s Equity130,000 130,000

http://www.tombstone1880.com/archives/heath.jpg

http://www.kieffernaturestock.com/Colorado/PAGE145/TCurtisMartin.html

When a bank makes a loan, the money supplyincreases.

When loans are repaid, the money supplydecreases.

Professor Donald Wells grades some exams for his economics students in his office yesterday morning. Wells was the recipient of the 2000 Carnegie Foundation for the Advancement of Teaching Arizona Professor of the Year award.

All Credit goesto--

Dr. Donald Wells, Professor ofEconomics at the University ofArizona. Teacher, friend, mentor,and fellow Honorary Member ofThe International Golden Key Club

What two entities are involved in Fiscal Policy? What are the TWO tools used in Fiscal Policy?

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