Teacher's Notes

Theme:
Inflation is when the money supply increases along with rising prices.

Sub-theme:
Inflation and unemployment are seen as the two sides of the business cycle.

Concepts:

• inflationary spiral
• recession
• fractional-reserve banking
• misery index

Performance objectives -- this lesson focuses on developing skills at:

• Solving a word problem on reserve rates and lending
• Creating a graph from numerical data
• Writing an imaginative treatment of life under hyperinflation

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