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Image From [Flickr] licensed under CC BY 2.0

The Relationship Between Unemployment and Inflation

Economics

When economists track the performance of the U.S. economy, they pay attention to factors like economic growth, inflation, and unemployment. One economic model, the Phillips Curve, suggests that when unemployment is low, inflation increases, and vice-versa. But is that always true? Listen to learn about the relationship between unemployment and inflation, and about how economists’ interventions can actually change it.

?L LEXILE AUDIO MEASURE

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Story Length: 3:27

Listen to the Story:

Listening Comprehension Questions

  • In what ways did Andrew Carnegie’s libraries serve their communities?
  • How did Carnegie benefit from a library when he was growing up?
  • Which personality traits helped propel Carnegie from poverty to riches? Bring specific details from the story to support your ideas.
  • According to Carnegie, what should rich people do with their money and why? Why was Carnegie known as both generous and “brutal”?

Discussion Themes

  • In your opinion, what should really rich people do with their fortunes?
  • What does it take for a person to rise from “rags to riches”?

Socrative users can import these questions using the following code: SOC-1234

Listening Organizers

  • Fact, Question, Response

  • Language Identification Organizer

  • Deeper Meaning Chart

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The United States economy has experienced slow but steady growth since the 2007-2009 recession. Historically, one result of an improving economy should be an increase in the overall level of prices – inflation. This has not been the case, however, and inflation has stayed low. Inflation has remained low in part because most people don’t worry about it rising, and they aren’t rushing to buy products before they go up in price. Listen to this story from Planet Money and hear what low inflation sounds like, and how your behavior can directly affect whether prices rise or fall.

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Lexile Audio Measure

The Lexile Audio Measure is an indicator of the complexity of an audio passage. It is based on a scientifically developed scale with a maximum score of 2000L.

How to Use Lexile Audio Measures

Find stories at the right level of complexity for your students, so that they will be challenged without being frustrated. The measures are categorized into low, medium, or high in order to aid teachers in story selection when they do not know students’ Lexile listening levels.

Listening Level Lexile Audio Measures
0L -1250L
1251L -1555L
1556L-2000L
Recommended Lexile Audio Measures by Grade Level

These recommended ranges are for instructional use of Listenwise audio content in combination with supports such as the interactive transcript, etc.

Grade Lexile Audio Measures (Recommended Ranges)
1 215L - 610L
2 490L - 855L
3 725L - 1060L
4 945L - 1250L
5 1045L - 1350L
6 1125L - 1430L
7 1190L - 1500L
8 1250L - 1555L
9 1300L - 1610L
10 1345L - 1655L
11/12 1385L - 1695L
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