Infographic Posters
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Lessons & Activities
46-60 min
Keeping It Real: Teach ACRL Information Literacy Frames with FRED® Data
OVERVIEW
In this activity, students first learn about the concepts of nominal values, real values, and inflation. Next, they learn about basic strategies for establishing the reliability of a data source. Students work in FRED® and use the formula real=(nominal/CPI)*100 to plot inflation-adjusted minimum wage rates for two states and then compare the results.
Related Resources
INFOGRAPHICS & COMICS
VIDEO Q&A
Economic Lowdown Video Series
Quickly introduce 11 basic economic topics in less than 15 minutes.
MODULES
16-30 MIN
Inflation: What a Dollar Buys Over Time
Students learn how inflation affects purchasing power with examples, interactive tools, and a quiz.
READING Q&A
0-15 MIN
FRED Q & A: Comparing the Consumer Price Index and the Producer Price Index
Introduce the difference between two common price indices used to measure the health of the economy.
CURRICULUM UNITS
Federal Reserve Economic Fundamentals: High School Curriculum
Introduce basic economic concepts with ten independent hands-on lesson plans.
LESSONS & ACTIVITIES
31-45 MIN
The Inflation Rate Is Falling but Prices Are Not
Differentiate between inflation, deflation, and disinflation with this active learning lesson.
