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Determine what the emergency protocol is on your campus in case of severe weather. Are emergency instructions posted on campus? If there are no posted instructions, use the campus emergency protocol to design an emergency instruction poster for use on campus. Be sure to follow the guidelines in the textbook. If there are posted instructions, review them and determine how effective they are based on the best practices mentioned in the Emergency Instructions in
Expansionary Gap
A situation in macroeconomics where the actual output in an economy exceeds the potential output, traditionally leading to inflation.
Actual Price Level
The current market prices of goods and services, reflecting the real value of money and the purchasing power of consumers.
Recessionary Gap
The difference between real GDP when the economy is in a recession and the GDP at full employment, indicating underutilized resources.
Expected Price Level
The anticipated average cost of goods and services in the future, based on current trends, policies, and economic conditions.
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