Falling Oil Prices Create Winners and Losers (Page One Economics)

Oil prices affect the U.S. economy in many ways. For example, fluctuations in the price of oil can influence inflation, unemployment, and disposable income. Some local economies with close ties to the oil industry, however, are affected even more directly in both positive and negative ways. The May 2015 issue covers one recent example of the local impact of oil prices.

Teachers: Visit the Reading Q&As in our Econ Lowdown Teacher Portal to find the teacher edition for this issue, to assign an online version of the student materials and to collect student scores on the questions. The materials are still free—but having them in the portal keeps students from accessing the answer key.

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Education Level: 9-12 Non-educators College
Subjects: AP Economics Economics
Concepts: Factors of Production/Productive Resources Scarcity Employment
Resource Types: Publication Lesson
Languages: English