2019 Intro to Business Business Cycle Part 2

2019 Intro to Business Business Cycle Part 2
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  • Good to see you Dr. Phil. I heard the US is experiencing a recession right now.
  • Yes, that is correct Suzy. The US is experiencing a recession right now. But it is only expected to last a few months.
  • Suzy, during a recession demands for goods and services decrease. Also, unemployment rises and GDP and production slows down. 
  • Dr. Phil, what does a recession look like?
  • Dr. Phil, thank you for all this information on prosperity and recession. I hope this recession will end soon.
  • Yes, Suzy, I hope so too.
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