Through a simulation, they learn how the Fed manages the money supply through open market operations. They identify what central bankers have learned about implementing monetary policy as a result of the Great Depression. Furthermore, they recognize the steps the central bank has taken to respond effectively to financial crises since that time.
With financial goals in mind, students work in pairs to complete a budget analysis for a fictitious high school senior who needs to save money. The lesson concludes with a personal budget development activity that uses the information on expenditures that was collected during the two-week data gathering period.
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AI (Artificial Intelligence): AI (pronounced AYE-EYE) or artificial intelligence is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning (the acquisition of information and rules for using the information), reasoning (using the rules to reach approximate or definite ...
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