https://padlet.com/cooperad/m76ampvd1k07 When the economy moves from 1 condition to a different one. en-us 2018-04-24 17:44:22 UTC 2025-03-14 04:56:02 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Rafaelo.png cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/254963075 Prosperity is when everything in the economy is good and the country is a financial success.]]> 2018-04-24 17:54:29 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/254963075 cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/254963126 Recession is when the economy starts to decline. ]]> 2018-04-24 17:54:35 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/254963126 cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/254963171 Depression is when the economy has a long period of downturn.]]> 2018-04-24 17:54:39 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/254963171 cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/254963209 Recovery is when the unemployment rates begin to rise up and the economy starts to get better]]> 2018-04-24 17:54:44 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/254963209 cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/255330298 Many of the people in the economy are working and the economy is making money. Unemployment rates are low and  businesses are doing well.]]> 2018-04-25 16:42:29 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255330298 yamileb731 https://padlet.com/cooperad/m76ampvd1k07/wish/255331514 The boom started in late 1992. The GDP increased from -1.8% to 3.4% and it continued to increase. Coming out of the Great Recession the GDP went from $5.8 trillion to $9.8 trillion in just one year (1990-1991). By the year 2000 the GDP was at an all time high with 7.7% in the boom. 
What caused this growth?
1. Globalization and Technology
~There was an increase in the amount of trade between countries. Technology aided in this growth. Also the signing of the North American Trade Agreement helped the growth. This agreement allowed Mexico, Canada, and the U.S to trade easily. 
2. Job Creation 
23.6 million jobs were created in the 90's. The unemployment rate dropped to less than 5%. it Eventually dropped to 3.8% in 2000. 
3. Increased Taxes
The $220 billion dollar deficit we were in turned into a surplus of $70 billion. then two years later it became a $236 billion surplus. When the government had a surplus like this they result to adding infrastructures (highways and bridges)  thus creating more jobs.  ]]> 2018-04-25 16:44:37 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255331514 cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/255332389 Study.com, Study.com, study.com/academy/lesson/the-us-economic-boom-of-the-1990s.html.

LearnLoads. “What Is the Business Cycle?” YouTube, YouTube, 8 Jan. 2015, www.youtube.com/watch?v=6XpXsC-yNHI.

Amadeo, Kimberly. “The 4 Critical Stages of the Business Cycle.” The Balance, www.thebalance.com/what-is-the-business-cycle-3305912.

Amadeo, Kimberly. “Deflation Threatens You More Than Inflation.” The Balance, www.thebalance.com/what-is-deflation-definition-causes-and-why-it-s-bad-3306169. ]]> 2018-04-25 16:46:17 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255332389 cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/255336042 2018-04-25 16:52:53 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255336042 cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/255336484 Many businesses start to decline and begin to have lower production. Also trade and industrial activity are reduced. Usually by a fall in GDP.]]> 2018-04-25 16:53:40 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255336484 cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/255740371 There are high unemployments rates, weak consumer sales, business failures. Also the GDP of the whole economy is much lower.]]> 2018-04-26 16:53:38 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255740371 cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/255741338 Unemployment rates begin to raise, business and there sales begin to improve. Also GDP begins to increase.]]> 2018-04-26 16:55:36 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255741338 cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/255743320 2018-04-26 16:59:52 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255743320 cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/255747537 2018-04-26 17:08:41 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255747537 cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/255748295 2018-04-26 17:10:07 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255748295 cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/255749157 2018-04-26 17:11:47 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255749157 yamileb731 https://padlet.com/cooperad/m76ampvd1k07/wish/255751744 2018-04-26 17:16:34 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255751744 yamileb731 https://padlet.com/cooperad/m76ampvd1k07/wish/255752100 2018-04-26 17:17:20 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255752100 yamileb731 https://padlet.com/cooperad/m76ampvd1k07/wish/255752242 2018-04-26 17:17:39 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255752242 cooperad https://padlet.com/cooperad/m76ampvd1k07/wish/255753125 An increase of prices happens because the economy begins to prosper. The employment rates are high and businesses begin to raise the prices because more people can afford the higher prices. Eventually the prices of everything can get too high and many people can not afford normal things anymore thus starting the whole business cycle.]]> 2018-04-26 17:19:27 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255753125 yamileb731 https://padlet.com/cooperad/m76ampvd1k07/wish/255755487 Deflation is the general reduction of prices in the economy. 
This may seem good to shoppers but eventually in the long run there will be a big drop in demand. You can see deflation by using the CPI (consumer price index). This is a greater threat than inflation. Deflation is bad because it slows economic growth. This puts stress on producers because they have to drop their prices and come up with new prices. ]]> 2018-04-26 17:24:08 UTC https://padlet.com/cooperad/m76ampvd1k07/wish/255755487