| Current Events: Discussion Questions |
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Who Shrank the Economy?
Reuters
11/18/2008 |
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1. Define: inflation, recession, commodity, subsequent, catalyst, nominal
2. How does inflation hurt consumers? How does it cut into economic growth? 3. Have you noticed higher food prices? Has your family changed their spending habits as a result? 4. Why would falling prices for food and gas have a positive impact on economic growth? What other factors might work to negate that positive impact? 5. How could the recent big drop in gasoline prices have the same effect as a $150 billion tax cut? |
