The GDP is increasing, so my business is doing very well. The unemployment rate is also very low so I have plenty of workers to help me.
This is James. James and his business sell toys to the children of the neighborhood. Recently he has making a lot of money because of the economy, allowing him to have plenty of luxuries.
The GDP is the highest its ever been, My business is doing so well i have no time to sleep. Since the unemployment rate is so low I barley have to work with all my employees.
Peak
The economy is so good, that James's business has popped off with stores all over the state. This has allowed him to buy many luxuries for his family.
The GDP is decreasing so my business is declining making me have less demand for my goods. The unemployment is also going up so im working more and more.
Contraction
The economy is rapidly declining so James had to sell many of his stores. This has taken away his ability to afford many luxuries.
The GDP was so low it caused me to sell my business. Since the unemployment rate is so low I cant find a job causing me to have to live on the streets.
James sold all of his stores so he could try and scrape by. But he failed and now he lives on the street with his son Billy.
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