The Economy in Motion: Inflation, Deflation, and Supply & Demand
Storyboard Text
- Slide: 1
- Business Cycle Aggregate Supply and Demand
- "The economy's ups and downs—boom, bust, supply, and demand working together!"-Econ Man
- Scene Description: Econ Man stands before a graph with the Business Cycle rollercoaster and the Aggregate Supply and Demand curves.
- Slide: 2
- Inflation and Aggregate Demand
- "Rising costs push the AS curve left, creating cost-push inflation."
- Scene Description: Econ Man looks at a factory where production costs are rising, shifting the Aggregate Supply curve left, and causing prices to rise.
- Slide: 3
- Deflation and Its Effects
- "Good deflation helps, but bad deflation can hurt the economy!"
- Scene Des: Econ Man stands in a store where prices are falling. In one corner, a sign reads "Good Deflation" (due to productivity), while in the other, "Bad Deflation" causes businesses to close and workers to lose jobs.
- Slide: 4
- Inflation and Aggregate Demand
- When demand increases to fast- hello, demand -pull inflation
- HONK
- Aggregate Demand
- Scene Des: Econ Man is blowing a horn labeled "Government Spending," and the Aggregate Demand curve shifts rightward, causing prices to rise.
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