ECONOMIC MEDICAL SCHOOL

Inflation Gross Domestic Product

Deflation

Unemployment

__________________________________________________________________________________________________________________ ECONOMIC DEATH SPIRAL: All Economic Doctors MUST Know the Symptoms! An economy experiences a sustained drop in prices (_____________) _____ What do they do to their workforce? _____________ Are businesses making more or less money? What increases? ____________ Does GDP

Do people have more or less money? _________ increase or decrease? _________

Do they buy more or less stuff? _______

Companies do what to prices to get people to buy? __________

Go back to step one and repeat. This condition leads to severe disaster is not treated early. Be on alert!