Standards for Spending Multipliers

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National Standards in Economics

Name: Economic Fluctuations

Standard: 18

  • 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.

State Standards

Common Core State Standards

Name: 6.RP.A

Standard: Mathematics - Grade 6

Area: Mathematics - Grade 6

  • Understand ratio concepts and use ratio reasoning to solve problems.

Name: 7.RP.A

Standard: Mathematics - Grade 7

Area: Mathematics - Grade 7

  • Analyze proportional relationships and use them to solve real-world and mathematical problems.