Ch Test is Wednesday (warm-ups due then)

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Presentation transcript:

Ch. 12-13 Test is Wednesday (warm-ups due then) ECONOMICS: March 29 Warm-up Draw a business cycle diagram. Then, predict how you think Real GDP and inflation are related. Economics Learning Target #1 In order to understand the causes and consequences of instability in the U.S. economy, I will analyze the civilian unemployment rate. I will know I have it when I: (1) understand what constitutes the natural rate of unemployment (NRU); and (2) can explain the costs of unemployment. Ch. 13, Lesson 3 Student Lecture Guide (HO from Tuesday) --the natural rate of unemployment (NRU); costs of unemployment Economics Learning Target #2 In order to understand the causes and consequences of instability in the U.S. economy, I will analyze how inflation affects the average consumer. I will know I have it when I can calculate change in prices given hypothetical CPIs; Ch. 13, Lesson 2 Student Lecture Guide (HO) --inflation & deflation terms; inflation target; market basket & CPI Assignment --Ch. 12-13 Common Assessment Review (HO) Ch. 12-13 Test is Wednesday (warm-ups due then)