Title: 👉In Class Lesson: Classroom Inflation Auction Activity (Teacher Only)
Course: Tennessee Economics Sample Syllabus > Section: Standard 5: 🌎National Economic Performance

👉In Class Lesson: Classroom Inflation Auction Activity

Lesson Time: 20 minutes

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.”