Students will be able to use this knowledge to: Make informed decisions by anticipating the consequences of inflation and unemployment.
Inflation and unemployment are important because they affect national levels of economic growth and standards of living. Some aspects of inflation and unemployment can be addressed with public policies. Various political leaders and parties often have different ideas about which policies should be followed to deal with inflation and unemployment, however. The controversial policies, and the fact that almost everyone is affected by unemployment or inflation, explain why these two problems and alternative approaches to combat them are so widely reported in the news media, and why understanding them is important to people in a democratic political system.
You can find additional online lessons on US Standard 19 from the Council for Economic Education Website.