This is Abby she has been the owner of a very expensive make company since 2017. She is very happy with her life and is stable. In her economy the GDP and employment rates are rising, this is her economy expanding. She now has more workers for her business and is booming in the industry.
Glide: 2
As the year progresses the GDP is slowly progressing and there is a rise in inflation. This is the peak in her economy. Business is going extremely well, she has the maximum amount of employees and now her business can expand.
Glide: 3
Business was going well for 3 months when the GDP declined and the unemployment rates went up. This is a contraction in her economy. And results in her employees resigning and business declining.
She watches her business slowly lose profit over a month and now the economy is at its trough. The GDP is negative and the unemployment rates are extremely high. Her competitors have taken all her employees and now her business is a fail, she now has to relocate and find new areas to advertise.
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