business cycle project
By pattyp27, Updated
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Depression: I'm out on the street without a job. Unemployment is up, GDP is down, exports are down. Overall country is in very poor shape.
Recovery: I got a job things are slowely starting to improve. Consumer spending and borrowing, and savings are increasing.
Prosperity: Things are going so well. Inflation is going up slightly, unemployment is low, savings, and spending and borrowing is high.
Recession: I dont know what happened things were going so well but now the economy is starting to get worse.
America is currently in a recession. GDP has gone down and we are gaining massives amounts of debt. There are very small signs of recovery.
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