These Economics W.I.R.E.D. activities recommend web links that relate to key concepts of each chapter of the textbook. For each link, there are instructions to guide you to specific information, followed by several discussion questions or exercises.
Key Concepts: Changes in Government Purchases, Changes in Monetary Policy,
Price Shocks, Case Study: The 1990–1991 Recession
WTRG Economics—Oil Price
Review the historical crude oil prices since 1869.
- Identify when the global economy
experienced a significant price shock due to rapidly rising crude oil prices.
- Explain how the inflation adjustment
line may have shifted due to the crude oil price or supply shock.
- Review the historical U.S. unemployment rate.
Explain when the U.S. experienced "stagflation."
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