Unemployment, Inflation and Poverty bring major economic challenges to the United States economy.
How does unemployment, inflation, and poverty impact the U.S. economy?
Students will understand the impact that the unemployment rate has on the U.S. economy and identify the four major types of unemployment.
Students will identify and explain the causes of inflation and be able to evaluate how inflation affects the U.S. economy.
Students will be able to indentify and explain how economists determine the number of poor people living in the United States and how poverty levels impact the U.S. economy.
How does the unemployment rate impact the U.S. economy?
What are the four major types of unemployment?
What do economists look at when evaluating price changes over time?
What causes inflation?
How does inflation affect the U.S. economy?
How do economists determine the number of poor people in the United States?
How does poverty level impact the U.S. economy?
unemployment rate, underemployed
inflation, deflation, inflation rate
poverty rate, Lorenz Curve