oct 28, 2009 i. unemployment a. causes b. policies ii. money a. what it is b. how much is there iii....

Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money C. What it is D. How much is there III. Banks

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Oct 28, 2009

I. UnemploymentA. CausesB. Policies

II. MoneyC. What it isD. How much is there

III. Banks

http://www.nytimes.com/2009/10/28/business/economy/28leonhardt.html?ref=business

Page 3: Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks

Union Membership

Page 4: Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks

Functions of Money1. Medium of Exchange2. Store of Value3. Unit of Account

Page 5: Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks

Stone Money of Yap Island

Page 6: Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks

Federal Reserve Bank of NY

Page 7: Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks

Gold Vault at NY Fed80 feet below ground, on Manhattan bedrock

Page 8: Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks

Hard to break into (Bruce Willis notwithstanding)

Page 9: Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks

On the other side of the door is 266 million ounces of gold. Each bar is worth about $450,000 at current market rates.

Page 10: Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks

A job worth having?

Page 11: Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks

Resisting temptation

Page 12: Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks

Page 13: Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks

Page 14: Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks

Page 15: Oct 28, 2009 I. Unemployment A. Causes B. Policies II. Money A. What it is B. How much is there III. Banks

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