AP-Inflation & Expansions

Fill in the Blanks

Which part of the Business Cycle is characterized by excess inflation?

​$2.59

Open Ended

What are five more goods/services that have gone up in price since the 1950s?

Open Ended

Using the video: Redefine Demand Pull inflation

Open Ended

Using the video: Redefine Cost Push inflation

Drag and Drop

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inflation is GOOD inflation, it signifies economic and population growth. ​

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inflation is BAD inflation, it signifies loss of resources or an increase in resource costs.

Drag these tiles and drop them in the correct blank above

Demand-Pull

Cost-Push

Multiple Choice

How much is one roll of toilet paper worth in Venezuelan Bolivars?

• $2.6 million Bolivars

• $12 million Bolivars

• $0.40 Bolivars

• $2.6 million USD

Open Ended

Using the video: Redefine Hyperinflation

Open Ended

It is of the opinion of a some people that to fix our economy we should just print more money. Considering Venezuela's case, why is printing money not a solution to fix an economy?

​(Use the formula you learned today)

Fill in the Blanks

If today's CPI Is 120, then what % inflation have we experienced since the base year? (Hint: used the formula you learned today)

Open Ended

Use this link to answer the questions: https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/

After you explore the article answer these questions in complete sentences

1. 1. What are 3 products that a dollar would previously have bought

2. 2.What is the year for each of those products

3. 3. What was its purchasing power

4. 4. What historical event happened that same year.

5. 5. Do you believe any other these products should still be worth a dollar?

Open Ended

Answer the questions in complete sentences.

The highest rate of inflation in 2022 was 8.9%....it currently is now back down to 3.4%. Were/are you concerned about the rise in prices? Why or why not? (Provide a reasoning) How did inflation impacted your life?(Provide an example or explain why it has not impacted your life). Is it currently still impacting your life?

​ALL HANDOUTS THIS WEEK ARE DUE ON TUESDAY (NEXT WEEK)