Unit 4
Business Cycle
“When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.” - Thomas Sowell
Essential Questions
1) How are economic indicators illustrated through the business cycle?
2) Why is economic activity important to measure?
3) What are the key economic indicators the government uses to determine policy action?
4) What effect does inflation have on business and individuals within the economy?
Student Objectives
Student will be able to explain...
1) the key economic measures and the components of economic growth.
|
|
|
Business Cycle
Unemployment
Gross Domestic Product (GDP)
GDP Assignment
“It is not money but the volume of goods and services which determines whether a country is poverty stricken or prosperous.” - Thomas Sowell
|
|
Free Trade and Exchange Rates
Inflation
