Standards for Spending Multipliers
National Standards in Economics
Name: Economic Fluctuations
- Students will understand that: Fluctuations in a nation's overall levels of income, employment, and prices are determined by the interaction of spending and production decisions made by all households, firms, government agencies, and others in the economy. Recessions occur when overall levels of income and employment decline.
- Students will be able to use this knowledge to: Interpret media reports about current economic conditions and explain how these conditions can influence decisions made by consumers, producers, and government policy makers.
Common Core State Standards
Standard: Mathematics - Grade 6
Area: Mathematics - Grade 6
- Understand ratio concepts and use ratio reasoning to solve problems.
Standard: Mathematics - Grade 7
Area: Mathematics - Grade 7
- Analyze proportional relationships and use them to solve real-world and mathematical problems.