[SS2010] ECON (12) 9 :
9 ) Describe methods used to measure overall economic activity, including the Gross Domestic Product (GDP), the Consumer Price Index (CPI), inflation, and unemployment.
Explaining how overall levels of income, employment, and prices are determined by spending decisions of households, businesses, and government; net exports in the short run; and production decisions of firms and technology in the long run
Identifying structural, cyclical, and frictional unemployment
Describing stages of the business cycle and how employment and inflation change during those stages
[SS2010] ECON (12) 11 :
11 ) Explain how the government uses fiscal policy to promote the economic goals of price stability, full employment, and economic growth.
Defining fiscal policy and the use of taxation and government purchases
Comparing government deficits and the national debt