Economics – 1/04/11

I.  Bellwork: Q&A

Page 363 Economic Analysis

Page 366 Economic Analysis

II. Objective:

  • Identify how inflation is measured, the causes of inflation, and its impact on the economy.

III.  Classwork

A.  13-2 Guided Reading Activity

B.  Economics U$A – Inflation:  Video & Questions

  1. What did Kennedy do to stimulate the economy in the early 1960’s?
  2. What was happening to demand in 1965-1966?
  3. What was the major governmental expenditures in 1965?
  4. What type of inflation occurred as a result of the change in demand & government spending?
  5. Who gains as a result of inflation?
  6. How does inflation affect those people on a fixed income?
  7. What did workers in New York fight for and what was the result?
  8. How did Nixon first try to combat inflation?  What was the result?
  9. What did Nixon later do to combat inflation?  What was the result?

C.  13-2 Economics- Critical Thinking Activity 19 Causes and Effects of Inflation

IV.  Chapter 12 Retake 1/05/11 @ 2:25 in A200


1. What did Kennedy do to stimulate the economy in the early 1960’s?

2. What was happening to demand in 1965-1966?

3. What was the one of the major governmental expenditures in 1965?

4. What type of inflation occurred as a result of the change in demand & government spending?

5. Who gains as a result of inflation?

6. How does inflation affect those people on a fixed income?

7. What did workers in New York fight for and what was the result?

8. How did Nixon first try to combat inflation?  What was the result?

9. What did Nixon later do to combat inflation?  What was the result?


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