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  • Expansion
  • Trough
  • 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.