Microsociety journal

week 8 - inflation and recession

This we learnt what inflation and recession meant,so Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling.reccison is a period of temporary economics decline during which trade and industrial activity are reduced such as the price for a piece of bread or a chocolate cake .

To help us understand more we watched a video called'The Wall Street Crash'.We then read the neaxt part of too many seeds . so seeds were beacoming readily available threfore it was less valuable.

we also did some trading I bought 2 slimes a bathbom and these water balls . All of these things are very exspensive so I am now bankrupt.

bye : )