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    Economic Indicators, GDP, Business Cycle

    Unemployment, Inflation, and Poverty

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    Overarching Question:

     How does the performance of core economic indicators effect economic decision making?

     

    Previous Unit:

     

     

    Money, Banking and

    Financial Markets

     

    This Unit:

     

    Economic Indicators, GDP, Business Cycle

    Unemployment, Inflation, and Poverty

     

    Next Unit:

     

    Fiscal Policy
    Taxes and Government Spending

     

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    Questions to Focus Assessment and Instruction:

     

    1. Identify the relationships between money supply, inflation and recession
    2. Chart the rate of economic growth by using GDP data, and describe the factors that influence said growth
    3. Classify the different types of unemployment
    4. Identify and explain various economic indicators and how they measure the business cycle
    5. Cite evidence to compare and contrast the GDP and standard of living between the USA and three other countries
    Vocabulary:
    real GDP
    standard of living
    recession
    money supply
    inflation
    GDP
    unemployment (frictional, structural, cyclical)
    business cycle
    poverty
     

     

     

     

Last Modified on February 14, 2018