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SS.912.FL.1.5

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
Grade: 912
Strand: Financial Literacy
Standard: Earning Income
Date Adopted or Revised: 04/15
Status: State Board Approved

Remarks/Examples

Explain 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.