Lesson 36: The No-Good Seventies

The students read an explanation of the causes of inflation and unemployment, with special reference to the economic problems of the 1970s. They analyze unemployment and inflation rates and use their analyses, together with information from another reading assignment, to answer a series of questions about the economic policies of Presidents Richard Nixon, Gerald Ford and Jimmy Carter.

Concepts:

Aggregate demand, Cost-push inflation, Demand-pull inflation, Full employment, Monetary policy, Unemployment
National Content Standards in Economics:
  • Standard #18: Economic Fluctuations
  • Standard #20: Fiscal and Monetary Policy