recession

recession
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Storyboard Text

  • Kids, we want to inform you that our country is currently experiencing a recession. Do you guys know what that is?
  • I do, it is when there is a widespread drop in economic activity and spending.
  • What will the effect of the recession be, and will it affect us?
  • During recessions, unemployment rates rise. The demand for goods and services will eventually decrease as an effect of the recession.
  • The way the recession may affect us specifically is the possibility of unemployment.
  • However, there is nothing to be worried about because an average recession last a few months, maybe up to a year
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