Quiz 2 Flashcards
1
Q
Prosperity
A
A good Income
2
Q
Inflation
A
Employees income increased but company’s lose money. Not making as much money, Cost more to make the product
3
Q
Recession
A
Company slows down, Lay off employees, doesn’t create as much revenue. Low demand
4
Q
Depression
A
Unemployment is high, cost too much to keep business open. Reliance on social assistance
5
Q
Recovery
A
Economy starts to improve, businesses begin production again. Unemployment remains high
