The Federal Reserve System
Students read about the Federal Reserve System's structure and goals and the tools it uses to control the flow of money and credit in the economy. At the end of this activity, learners are asked to write how they would solve specific economic problems if they served on the Fed's Board of Governors.
In this interactive object, learners change the amount of money received from tax revenue and the amount spent on federal programs as they calculate how fiscal policy affects the gross domestic product (GDP), unemployment, inflation, the annual deficit, the national debt, and interest on the national debt.
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Learners read definitions of terms related to legal, insurance, and advocacy issues regarding the elderly. At the end of the activity, learners test their knowledge in three matching exercises. Some of the programs and groups discussed are Medicare, Medicaid, Social Security, long-term care insurance, OBRA, SSI, and CWAG.