Welcome to Banning. California. The City of Banning is strategically located astride Interstate 10 in the San Gorgonio Pass. The City, incorporated in 1913, has a rich and colorful history. Initially, Banning served as a stagecoach and railroad stop between the Arizona territories and Los Angeles.
A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market.
Economic Growth. In Macroeconomics we study three main issues: Unemployment (UE) Inflation (IN), and; Economic Growth (EG) We can use the production possibilities model to demonstrate how economic growth can reduce scarcity. Our multimedia lesson use several definitions of economic growth. let me review them here. Three Definitions of Economic Growth