Monday, September 21, 2015

13.2: Inflation

Before we begin 13.2, let's look a couple pages back at page 341 and discuss the Unemployment Rate.

13.2: Inflation
  • What are the causes and effects of inflation? (p.342): Chart
  • Chart Skills (p.343): #1 & 2
  • What is Inflation? (p.344): 
    • What inputs may have contributed to higher ticket prices for these events?
    • Political Cartoon:
      • How will consumers react to an increase in the cost of goods and services?  
      • How might an increase in wages affect prices?
  • Inflation Rate (p.345): #1 & 2
  • The Wage-Price Spiral (p.346): #1 & 2
  • Economics & You (p.347): How has inflation changed your spending habits?
  • Section 2 Assessment (p.348): 2, 3, 6, 7, 10a, 10b, 10c
What is Monetary Inflation?

Inflation Explained

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