1. ECONOMICS: March 27
Warm-up What is the relationship between GDP and unemployment? Why? (be specific)
Economics Learning Target 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 can: (1) calculate a hypothetical unemployment rate; (2) explain why the rate as reported may be over- or understated; (3) list and explain the different types of unemployment; and (4) analyze costs of unemployment. Ch. 13, Lesson 3 Student Lecture Guide (HO) --warm-up #2; key terms --underemployment
--unemployed --long-term unemployed; underestimating unemployment --unemployment graph; --protecting against unemployment
Assignment: --read Ch. 13, Lesson 2