The Business Cycle of John for Intro to Business class. Kai Huffman, period: 1.
Introduction: John hops on the bus to his ride to business every morning and evening. He works at the car company name Kia and is a Automobile Engineer.
Prosperity: John is fit in his business suit and works successfully to keep passengers safe in their vehicles. Their is high number inflation of the company due to good vehicles and new components.
Recession: The supply of the new innovation of Radios in the back seat of vehicles hit a high demand. John's company decided to increase their interest rate and the customers suddenly lost interest.
Depression: John's company supply was great but the demand for customers crashed the company. Therefore, deflation took place. Not enough money and people were retiring for new jobs.
Recovery: John was able to help convince the company to lower the interest rates by making the radios in the car less expensive. Therefore, they can easily distribute these vehicles at a fine price.
Conclusion: Overall, the demand of customers grow and the supply increases as well. The company hit its market price and John was able to afford a house.
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