prosperity

prosperity
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  • Today in my economics class we were informed that our economy is experiencing prosperity right now.
  • What does it mean when our economy is experiencing prosperity?
  • It means that the economy has enough money that the nation is thriving. Some of the effects are higher prices for goods and services, which causes for lower demand, and lower unemployment rates.
  • How will the economies prosperity affect us specifically?
  • Well, because economic prosperity leads to higher prices of goods and services, some of your favorite things may be more expensive.
  • Although economic prosperity is a really good thing for a nation's economy, it often doesn't last long until prices rise too much, eventually leading to another recession.
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