Title: Classroom Lesson: A Classroom Inflation Auction (Teacher Only)
Course: Indiana Economics Sample Syllabus > Section: Unit 5: National Economic Performance

Students participate in two auctions: The goods in each auction are identical, but the amount of money given to students increases from the first to the second auction. Students learn that if spending grows at a faster rate than the economy’s ability to produce goods and services, inflation will result. This is inflation caused by “too much spending chasing too few goods."

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