1. Economics in the Media. Find a story or article in your local newspaper that addresses one of the following: GDP, real GDP, CPI, unemployment rate, consumption spending, investment spending, or government spending. Explain what was said in the story or article

2. Define:

a. inflation

b. demand-side inflation

c. supply-side inflation

d. velocity

e. simple quantity

theory of money

f. hedge

g. deflation