1. In 2008 we had a recession. A recession is a period of economic decline where the GDP will fall in two successive quarters. Give two examples of how, through the ripple effect, a recession can hurt individuals and businesses.
2. The recession in 2008 hit the auto industry particularly hard. One plant employed over 1,000 people before it closed leaving all of them without a job. How do you think the ripple effect can be used to describe what happened after the closing of the auto plant?

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During a recession the ripple effect can have widespread negative consequences for individuals and businesses beyond the initial economic decline Here ... View the full answer