Ups and Downs of the Economy
Introducing the concept of economic cycles, including periods of growth (expansions) and slowdowns (recessions), and their general characteristics.
About This Topic
Introducing the concept of economic cycles, including periods of growth (expansions) and slowdowns (recessions), and their general characteristics.
Key Questions
- What does it mean when an economy is 'growing' or in a 'recession'?
- What are some signs that an economy is doing well or slowing down?
- How do economic ups and downs affect people's jobs and incomes?
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