In this economics learning exercise, high schoolers study the phases of the business cycle as they read an article and respond to 9 short answer questions pertaining to the table entitled "The U.S. Economy from 1970."

High schoolers identify the main phases of the business cycle and the conditions that are expected during a recession and boom. They discuss the difficulty of economic policy making. They practice solving equations using interest rates.

Here is resource that offers a very clear explanation for how economists measure economic growth by comparing real GDP over time. There is also an additional instructional activity that details the expenditure method and four components...

Students examine and analyze the characteristic problem of each phase of the business cycle. Students articulate the appropriate choices for each of the problems described. Students apply the writing process to write an essay.