Evaluating the Economy OUTCOME: Explain how core economic terms, concepts, and theories relate to one another using student-generated definitions. For this mastery assignment, you will be given three different scenarios. Review the outcome above and make sure that you are using economic terms and concepts in your answer. Be sure that as you use those terms, concepts, or theories you are explaining what they mean in your own words. Scenario 3: Taylor wants to start a business. Is it the right time? How is the economy doing? When looking at two of the economic indicators, Taylor found these but doesn't know what they mean: CPI- 7.9% Unemployment Rate 5% What do these numbers mean and how do you evaluate them? Help Taylor understand what those are and how they indicate what is going on in the economy. What do those numbers mean and how do you evaluate them? Please note that you should be using and defining economic terms and concepts in your