How a Recession Works (Real World Economics)

From the Publisher: This series examines and explicates some of the most fundamental and relevant economic phenomena in terms easily comprehensible to struggling high school readers. Dispelling any sense of theoretical mystery or intimidating conceptual abstraction, these books instead clearly demonstrate that economic processes are easily comprehensible chains of cause-and-effect, something that can be conceptualized with the clarity, linearity, and relative simplicity of a flow chart. Each book offers a nuts-and-bolts narrative "diagram" of exactly how these economic phenomena work, what the causes are, what the effects are, what mechanisms trigger the causes, and how the process can be halted, reversed, or mitigated. Narrative examinations of actual historical examples help readers draw point-by-point connections between abstract principles and real-world events. How a Recession Works By Jeanne Nagle This book succeeds in making complicated, abstract economic theories, practices, and processes not only accessible and comprehensible, but also highly relevant to young readers' lives. It also comes at a crucial moment in American history, as the nation enters a period of likely severe and prolonged recession. Your readers will learn exactly what recession is, how to cope with it, and how it can be controlled or moderated. This excellent information will give your young reader tools to understand what is happening to family finances. It will also reduce the anxiety felt about the nation's economic situation because knowledge and understanding are empowering, as are the coping strategies discussed. Includes lots of dramatic examples of historical recessionary periods and grave consequences. Also features interesting sidebars such as "Myths and Facts about Recession" and "Ten Great Questions to Ask a Financial Adviser."