Economics Chapter 15 - Population, Economic Growth, and Business Cycles

Identifications

After Reading chapter 15, identify the following in complete sentences according to WHO, WHAT, WHERE, WHEN, and WHY IMPORTANT. Remember, DO NOT COPY THE CHAPTER. After reading about the ID, sum it up according to the five Ws. Each ID is worth 2 points.

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Topic: Business Cycle Economic Cycle

Standard: Identifies and analyzes the nature and causes of inflation and deflation and describes their impact on economic decisions made by businesses and households.

Section 1 - Population

  1. US Population (focus: census, urban/rural population)
  2. Projected Population Trends

    3. Section 2 - Economic Growth

  3. Importance of Economic Growth
  4. Factors Influencing Economic Growth
  5. Productivity and Growth
  6. Walter Williams

    7. Section 3 - Business Cycles

  7. Phases of the Business Cycle
  8. Business Cycles in the US
  9. Causes of Business Cycles
  10. Predicting Business Cycles
  11. ** REQUIRED BONUS** Determine the validity of this statement and support your response: The US economy will recover from its' current recession in record time.