Do you need a fantastic activity that provides your students with plenty of graphing practice with inflationary and recessionary gaps? This activity is the perfect tool you need to guide your students toward a deeper comprehension of inflationary and recessionary GDP gaps!
This activity includes:
1) This "Inflationary and Recessionary Gaps" Activity provides your students with ELEVEN different aggregate economic graphs that they can use to practice principles taught in your classroom! Your students are asked to use their knowledge to analyze each aggregate economy listed, and determine changes in aggregate supply and demand that will open GDP gaps. Students will graph the change, identify the gap opened, and then investigate how certain economic indicators will be effected, including price level, Real GDP, the unemployment rate, standard of living, income and consumption levels, and net exports.
You can use this activity on its own, or in conjunction with our Aggregate Equilibrium Activity:
Aggregate Equilibrium Activity
This activity can be used in many different ways in the classroom. Students can work independently, in pairs or this activity can be used as a jigsaw in order to facilitate a class wide discussion about the topics discussed in the activity.
2) A detailed answer key to the lesson activity to save you time and help guide student comprehension.
This activity can also be found in a bundle paired with a PowerPoint, Keynote and PDF version of a fully customizable lecture found here:
If you like this activity, check out our Unit Activity Bundle that includes activities for all of the objectives in this unit.
Aggregate Supply and Demand Unit Activity Bundle
Best of all, this activity aligns to our "Unit 2.4 - Aggregate Equilibrium" video lecture, which can be found here:
Unit 2.4 - Aggregate Equilibrium
This activity also aligns to our "Macro Minute - Inflationary and Recessionary Gaps" video, which can be found here:
Macro Minute - Inflationary and Recessionary Gaps
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