Discuss reasons why changes in economic conditions or the labor market can cause changes in a worker’s income or may cause unemployment.
Subject Area: Social Studies
Strand: Financial Literacy
Standard: Earning Income
Date Adopted or Revised: 04/15
Status: State Board Approved
Remarks/ExamplesExplain how an increase in the demand for mobile applications might impact the wages paid to software developers.
Explain the effects of a recession on the unemployment rate.