Ch 65: Aggregate Economic Behavior of the American Economy

About This Chapter

This chapter takes you on a review of various influencers of the economy. You'll take a look at indicators of economic expansion or contraction and their significance.

Aggregate Economic Behavior of the American Economy - Chapter Summary

In this chapter, you have a chance to look at the definitions and formulas for some of the most common measurements of U.S. economic health. You'll define and analyze markers such as the Gross Domestic Product and the Consumer Price Index. You'll also analyze and measure the unemployment rate. By the end of this chapter you will be able to:

  • Explain the inflation rate and how to calculate it
  • Calculate real Gross Domestic Product (GDP)
  • Compare and contrast the differences and significance of short vs. long term interest rates

Video lessons in this chapter are also available as transcripts, so that you can read them at your own pace. Each lesson includes a quiz that you can take to measure your improvement. Feel free to contact our subject-matter experts at any time, by using Teacher tabs in the lessons.

Chapter Practice Exam
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Practice Final Exam
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Other Chapters

Other chapters within the CSET Social Science: Study Guide & Prep course