Help your students build their comprehension of the causes and effects of long-run economic growth and contraction with this engaging and multi-faceted activity!
This activity includes:
1) This "Long-Run Economic Growth" Activity includes 3 parts. It begins with a graph-based exercise that will ask students to determine the size of economic growth in an economy, and how economic growth has affected a variety of conditions. Next, students will do the same graph-based assessment for long-run economic contraction, including the size of contraction and it's effect on economic conditions. Next, students will be asked to identify the 4 components of long-run aggregate supply and will use their knowledge and a collection of data provided to analyze changes in the components of long-run aggregate supply, predict the effects of those changes, and then graph the changes on an aggregate supply and demand graph.
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.
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If you like this activity, check out our Unit Activity Bundle that includes activities for all of the objectives in this unit.
Best of all, this activity aligns to our "Unit 2.5 - Long-Run Economic Growth" video lecture, which can be found here:
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