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Clock
20 minutes
High School
98 classes this year
Subjects: Economics AP Economics Civics/Government
Topics: Economic Fluctuations Economic Growth

GDP: Policy is the third short module in the GDP and Pizza: Economics for Life series. This series is designed to help students in civics, economics and other social studies classes grasp challenging economic content - and to explain why these topics are important for citizens to understand.

GDP: Policy assumes students already understand the basics of GDP as well as GDP growth and measurement. It covers:

  • uses for GDP data
  • automatic stabilizers

The module includes numerous interactive checks for understanding, video clips explaining concepts and everyday examples that will make sense to students. In addition, students complete a pre- and post-test to assess learning.

View Voluntary National Content Standards in Economics

Content Standard 18: Economic Fluctuations

Grade 12 Benchmarks

3. A business cycle involves fluctuations of real GDP around its potential level.

4. Fluctuations of real GDP around its potential level occur when overall spending declines, as in a recession, or when overall spending increases rapidly, as in recovery from a recession or in an expansion.

Content Standard 20: Fiscal and Monetary Policy

Grade 12 Benchmarks

1. Fiscal policies are decisions to change spending and taxation levels by the federal government. As fiscal policies, these decisions are adopted to influence national levels of output, employment, and prices.

7. Monetary policies are decisions by the Federal Reserve System that lead to changes in the supply of money, short term interest rates, and the availability of credit. Changes in the growth rate of the money supply can influence overall levels of spending, employment, and prices in the economy by inducing changes in the levels of personal and business investment spending.
 

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