My teacher was discussing with my class about how the stock markets have dropped tremendously and wanted us to figure out what our country could enter if it continues. She also informed us that it had happened in the 1970′s. And its not depression. Is it resession?? Thank you so much!
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And see if your teacher has heard this one…
Q: What is the difference between a recession and a depression?
A: A recession is when your neighbor is out of work. A depression is when you are out of work!
Posted by The Professor | October 25, 2009, 8:01 amRecession is the correct answer, but we are more likely to go through a period of slow growth. Recession is when the economy actually shrinks.
Posted by nintendo wii console | October 25, 2009, 8:01 amyep, its recession – but we’re not there yet.
Posted by voluntar | October 25, 2009, 8:01 am