1. Ch. 12, 13, and 17 Test is next Friday
ECONOMICS: March 29
Warm-up Draw a business cycle diagram. Make sure you label the parts of the diagram. Then, predict how you think Real GDP and inflation are related.
Learning Target
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: (1) calculate change in prices given hypothetical CPIs; (2) graph and explain some causes of inflation; and (3) explain how some people get hurt by excess inflation.
Ch. 13, Lesson 2 Student Lecture Guide (HO) --inflation & deflation terms --inflation target
--market basket & CPI
--main causes of inflation (see graphs) --negative consequences of inflation
Assignment Read Ch. 17, Lesson 1
Ch. 12, 13, and 17 Test is next Friday