Timelines & Their Purpose
What does a timeline show?
Events in the order they happened.
What major health‑related crisis began in 2020?
The COVID‑19 pandemic.
What term describes the total value of goods and services a country produces?
GDP
When businesses struggle, what often happens to workers?
They may lose jobs or face reduced hours.
What type of event is the Great Recession—policy or crisis?
CRISIS
Why are timelines useful in economics/MANAGEMENT
They help show how one event leads to another.
What law expanded healthcare access in the 2010s
The Affordable Care Act.
What term describes the percentage of people who want a job but can’t find one?
UNEMPLOYMENT RATE
How does inflation affect consumers?
Prices rise, making goods more expensive.
What type of event is the Affordable Care Act—policy or crisis?
POLICY
What is the time span you will be assigned for your project? HOW LONG?
A 10‑year period.
What type of government action raised the cost of imported goods
TRADE TARIFFS
What term describes a general increase in prices?
INFLATION
How did COVID‑19 affect businesses?
Many closed temporarily or shifted to remote operations.
Because workers believed “better times” were ahead, a company noticed employees requesting more vacation days and turning down overtime- THAT CAUSE PRODUCED WHAT AFFECT?
What are employee expectations.
Name one digital tool you can use to create your timeline
Tiki Toki or Timetoast.
What workplace trend grew rapidly after 2020?
REMOTE WORK
What is the buying and selling of goods between countries called?
TRADE
How can government stimulus packages affect consumers?
They can increase spending power.
Give one example of a government response to an economic challenge.
Stimulus packages, tariffs, or the Affordable Care Act.
What skill does explaining how one event causes another help you practice?
Understanding economic cause and effect.
What economic issue occurs when prices rise over time?
INFLATION
What term describes disruptions that prevent products from moving smoothly from producers to consumers?
Supply chain disruptions.
How can automation affect workers?
It can replace some jobs but create new ones.
How can one event cause another in the economy?- GIVE ME AN EXAMPLE
A crisis can lead to job loss, which reduces spending, which slows economic growth.