Business story board
Storyboard Text
- Slide: 1
- During the expansion phase, production, income, and spending all rise
- Hiring
- Sales are through the roof! I'm hiring two new employees.(GDP RISING)
- I finally found a full-time job! Things are looking great. (UNEMPLOYMENT FALLING
- The economy is growing. Businesses are expanding, more people are working, and customer spending increases.
- During the expansion phase, production, income, and spending all rise
- Slide: 2
- I'm making more money than ever but groceries are expensive (HIGH INFLATION)
- I can't keep up with all these customers, but my supply cost keeps going up! (LOW UNEMPLOYMENT)
- Hinghest prices in 20 years!!!
- At the peak, economic growth hits its limit before slowing down
- The economy is at its highest point. Businesses are making record breaking profits, but resources are stretched and prices rise quickly
- Slide: 3
- The economy slows down. Businesses cut workers and people spend less. At the trough, the economy hits its lowest point before
- Sales dropped so much I had to close one store. (GDP FALLING, LOW SPENDING)
- I lost my job, but I'm hopeful things will get better soon. (HIGH UNEMPLOYMENT)
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