Economic Change Since the 1970s: Inflation, Work & Public Policy — Drills · Grade 11 Social Studies
Chapter: Civil Rights, Social Movements & GovernmentWhat these drills covers
By the end of Economic Change Since the 1970s: Inflation, Work & Public Policy you should be able to:
- I can explain inflation and employment separately.
- I can explain a historical connection using relevant evidence and qualify the conclusion.
4 questions, written answer, each with a worked explanation.
Vocabulary used: context, evidence, interpretation, purchasing power, deindustrialization.
Problem 1
Answer and explanation
Inflation concerns the rate of price change; unemployment concerns access to paid work. Stagflation names their difficult coexistence, not one universal explanation for it. Compare measures and causal mechanisms, recognizing that a lower inflation rate does not necessarily mean prices return to an earlier level.
Problem 2
Answer and explanation
Productivity, import competition, relocation, and changes in demand can reduce factory employment through different routes. A plant closure alone cannot identify the contribution of each. Compare production, trade, technology, investment, and local labor evidence rather than assigning every closure to one favorite cause.
Problem 3
Answer and explanation
Taxation and public spending are fiscal instruments, while interest-rate and monetary measures operate through different institutions. Compare intended channels, timing, and distribution. Reducing inflation can impose short-term employment costs, and cutting a tax can benefit households differently depending on the actual rule.
Problem 4
Answer and explanation
Real income adjusts for purchasing power, while averages can conceal distribution. Examine region, occupation, race, gender, and household circumstances without assuming every person in a category had the same outcome. Apply the same numerical and evidentiary standards to policies you support and criticize.