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This is due Friday, 3/25/16 Business Cycle Graph Mini-project Directions 1. Get a piece of blank paper and a variety of colored pencils. 2. Arrange your paper so it is in landscape position. 3. Draw EVERYTHING in regular PENCIL first in case you need to erase. You will go over everything with colored pencil afterward. Rubric 10 points Using the full length and width of the paper, draw your X-axis and your Y-axis. Make sure you leave room for labels. 5 points Label your Y-Axis – Real GDP 5 points Label your X-Axis – Time 30 points Draw the following information on your graph. Make sure you make it as big as possible, you will need space to add information. 24 points On the back of your paper, write the definitions for peak, trough, contraction, recession, expansion, and recovery. You can find these in your glossary in your book 10 points Answer the following questions on the back of your paper: a. Why do you think the expansion on your chart is divided between a recovery and prosperity? How do you find the start of prosperity? b. How long must a contraction last before it is considered a recession? 24 points On your graph, place the following economic indicators in the correct location. The up arrows and down arrows do not go together as a group. Please each in its own spot. CPI (Inflation Rate) Unemployment Rate Real GDP CPI (Inflation Rate) Unemployment Rate Real GDP 30 points Based on your placements in #10, answer the following questions on the back of your graph: a. During what phase of the Business Cycle graph would the government be worried about inflation? Total /138 This is due Friday, 3/25/16 Business Cycle Graph Mini-project Directions 1. Get a piece of blank paper and a variety of colored pencils. 2. Arrange your paper so it is in landscape position. 3. Draw EVERYTHING in regular PENCIL first in case you need to erase. You will go over everything with colored pencil afterward. Rubric 10 points Using the full length and width of the paper, draw your X-axis and your Y-axis. Make sure you leave room for labels. 5 points Label your Y-Axis – Real GDP 5 points Label your X-Axis – Time 30 points Draw the following information on your graph. Make sure you make it as big as possible, you will need space to add information. 24 points On the back of your paper, write the definitions for peak, trough, contraction, recession, expansion, and recovery. You can find these in your glossary in your book 10 points Answer the following questions on the back of your paper: a. Why do you think the expansion on your chart is divided between a recovery and prosperity? How do you find the start of prosperity? b. How long must a contraction last before it is considered a recession? 24 points On your graph, place the following economic indicators in the correct location. The up arrows and down arrows do not go together as a group. Please each in its own spot. CPI (Inflation Rate) Unemployment Rate Real GDP CPI (Inflation Rate) Unemployment Rate Real GDP 30 points Based on your placements in #10, answer the following questions on the back of your graph: a. During what phase of the Business Cycle graph would the government be worried about inflation? Total /138