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EconEdLink - Standards
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Celebrate #FinLitMonth with us by finding ideas for you and your students!

Standards for Inflation and Unemployment – Is There a Correlation?

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National Standards in Economics

Name: Unemployment and Inflation

Standard: 19

  • Students will understand that: Unemployment imposes costs on individuals and the overall economy. Inflation, both expected and unexpected, also imposes costs on individuals and the overall economy. Unemployment increases during recessions and decreases during recoveries.
  • Students will be able to use this knowledge to: Make informed decisions by anticipating the consequences of inflation and unemployment.

State Standards

Common Core State Standards

Name: HSS-ID.B

Standard: High School: Statistics & Probability

Area: High School: Statistics & Probability

  • Summarize, represent, and interpret data on two categorical and quantitative variables

Name: HSS-ID.C

Standard: High School: Statistics & Probability

Area: High School: Statistics & Probability

  • Interpret linear models