Econ Story Board joswald

Econ Story Board joswald

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  • Hey man, Have you noticed that all the prices are going wayyyy up?
  • Yeah dude, I've noticed that too. Plus I just went from making 10 dollars an hour for minimum wage and now minimum wage is 15 dollars
  • Hey Richard my minimum wage raised also, It's because everyone is trying to match the wages with prices
  • Yeah we better watch out guys, This is going to cause a recession!
  • When wages are raised, the prices have to raise and when the prices raise wages raise again, This causes the economy to go into recession and money is not as valuble.
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