Business Cycle Project
Storyboard-Text
- What's up man! You Ready to learn about the Business cycle?
- Building in Atlanta GAA CEO begins to train a new hire on the basics of the business cycle. Reason: Under-qualified
- Well i'll be honest, it is. BUT it is one of the best ways to make money!
- Well, I guess lets get started!
- That seems way to complicated.
- Real GDP
- I'm glad you asked! Generally the pattern wont change but there are variables that can affect it
- Expansion
- Peak
- Now the easiest way to put this would be that this graph represents the economy. When the economy is good it is climbing or at a peak. When the economy is bad it gets stuck in a trough.
- Trough
- Now that makes sense but are there patterns or variables that can affect this?
- Contraction
- Time
- Now this might be the hardest part. The way the graph acts affect many different aspects to the country. This includes unemployment, The real GDP of the country, standard of living, and many other more factors.
- Exactly
- GDP
- Unemployment goes down
- Expansion
- Moving twords peak
- So if i have this correct when real GDP is rising unemployment goes down, Standard of living goes up, and other stuff like government spending goes up?
- Moving twords trough
- Unemployment goes up
- GDP
- Contraction
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