Recession

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/recession

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the economic activity decline?A significant and widespread drop in production, employment, and spending
2. What is the primary triggers?Financial crises, external shocks, bursting bubbles, or large-scale disasters

Aggregate Demand: The total demand for goods and services in an economy at a given time.
Gross Domestic Product (GDP): The total monetary value of all finished goods and services produced within a country's borders in a specific time period.
Monetary Policy: Actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.
Fiscal Policy: The use of government spending and taxation to influence the economy.