Class Starter Question: Briefly define the following (the best you can) Supply/Demand/Scarcity/Surplus/Elasticity
*Split up and discuss From Book
Chapter 2 Economic Systems
Capitalism -Ashley
Perfect Competition - Ashley
Monopoly -James
Oligopoly - James
Socialism - Randy
Communism - Taylor
Mixed Economy -Wes
Key Economic Indicators
GDP - jaxon
Unemployment -Jaxon
Inflation -Justet
Price Indexes -Brian
Business Cycle
Boom-Recession-Depression-Recovery - Kolby
Government Involvement
Stabilizing through Fiscal Policy -Matteo
Stabilizing through Monetary Policy -Kolt
Reminder of Chapter 2 Read and Respond
CT 1/2/3(a and b) DWP 2