Economics – 5/19/11

I.  Bellwork:

• Page 378  #25 & #26

II. Objective:

• Examine the impact of inflation and unemployment on the economy.

III.  Classwork

A. . 13-3 Free Enterprise Activity 19-Types of Unemployment

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

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 expenditure in 1965?
4. What type of inflation occurred as a result of the change in demand & government spending?
5. What policy was recommended but not implemented to decrease inflation?
6. Who gains as a result of inflation?
7. What groups are hurt by inflation?
8. What did workers in New York fight for and what was the result?
9. What type of inflation was created by the workers?
10. How did Nixon first try to combat inflation?  What was the result?
11. What did Nixon later do to combat inflation?  What was the result?

IV.  Retake Today

Economics W2011