Unit 5: Measuring and Managing the Economy

Unit 5 Learning Targets

1. I can identify and explain economic indicators such as GDP, unemployment, and CPI.

2. I can use economic indicators to explain conditions of depression, recession, and expansion.

3. I can explain how the government generates revenue and makes spending decisions

4. I can explain the two tools the Federal Government uses for contractionary/ expansionary fiscal policies.

5. I can explain the three tools the Federal Reserve uses for tight money/ easy money policies.

6. I can predict and evaluate the impact of fiscal and monetary policy actions.