Day 10

When you are finished with Lesson 2-2, you will be able to

  • Describe the four phases of the business cycle.
  • Explain causes of inflation and deflation.
  • Identify the importance of interest rates.

Assignment 2.2.1

  1. Obtain a copy of the notes handout.
  2. Read Lesson 2-2 on pages 38-42.
  3. As you read, utilize this presentation to help you fill in the missing parts on the handout.

Assignment 2.2.2

  1. Lesson 2-2 Assessment

Assignment 2.2.3

  1. Interest rates influence many aspects of our economy.  Look over the seven “Types of Interest Rates” discussed on page 42 of the textbook.  Then, prepare a description of who in our economy would be most likely affected by each of these types of interest rates.  To complete this activity, do the following:
    1. Create a copy of this Google Document, rename it Types of Interest Rates-(Your Initials), and move it into your Chapter 2 folder.
    2. In the first column, list each of the seven interest rate types.
    3. In the second column, list the people affected by each type.