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Lesson Plan

Econoclass: Spending and Output Strings

Curated by ACT

In this classroom activity, "output" cards and "spending" cards are placed on a string. As each increase or decrease, the economy faces more unemployment or inflation. A good visual device to study the relationships among output, government and consumer spending, inflation, and unemployment.

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Concepts
government spending, inflation, gross domestic product
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Additional Tags
classroom activity, output, spending, unemployment, gdp, spending and output strings, tradeoffs
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Classroom Considerations
  • Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
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