1. AP ECONOMICS: September 27
Warm-up: Does the relationship between Real GDP and inflation tend to be direct or inverse? Explain. Learning Target: In order to understand how to measure and evaluate economic performance, I will analyze the nuances of the inflation rate. I will know I have it when I can: (1) define inflation, nominal inflation, and real inflation; (2) calculate the inflation rate; (3) identify those that are hurt and benefit from inflation; and (4) explain why Fed policymakers target inflation at 2%. --definition; real vs. nominal; inflation calculation;
hurt or benefit from inflation?; COLAs and ARMs; the Fed target 2% rate of inflation Closure: Begin Worksheet 14.3 (HO)
Assignment:
--conclude Worksheet 14.3
--read Modules 15 and 11