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Monday, February 11, 2008
Period 5: 1st Lab assignment
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carlos de la torre
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*Recession:An extended decline in general business activity, typically two consecutive quarters of falling real gross national product.
*Our Looming Recession Economy.
*I don't think that the us is entereing ina recession because the it hasn't declain a lot.
the state of the economy declines; a widespread decline in
the GDP and employment and trade lasting from six months
to a year
The economy is slowing down. The under 40 crowd has no real life experience to relate to the word “recession.” Its effects are not understood. An early sign is insufficient government tax revenues. California has a 10 billion dollar budget shortfall. How do you cut back 10% when you have already spent it? The cuts for schools, police and fire department will be felt slowly.
the state of decline is not enough to tell the nation is in a recession
was gooddd
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C.U
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HEY MR. JOSEPHSON!
YAY! I CREATED MY OWN BLOG! =]
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