Recently John Doe opened up a restaurant and for the first time feeling the effects of the business cycles
Hotdogs 5.000$
Specials
John Doe is currently experiencing a trough. He decreases the costs and also cuts costs to attempt to get consumers while consumers are declining and the GDP is declining
Hotdogs 4.000$
Specials
John Doe then experiences a expansion. This is after a through where GDP is increasing. He charges more than usual and hires more people and invests in more assets.
Hotdogs 6.000$
Specials
John Doe then experiences a peak. Even with his new assets he cannot keep up with demand. Hes getting many consumer complaints and neither the business or economy can keep up. GDP is also at its peak.
Hotdogs 6.000$
Specials
John Doe then experiences a contraction. He begins to catch up to work and competition grows. He reduces his labor costs while GDP is decreasing.
Hotdogs 6.000$
Specials
In the end, John Doe experiences the harsh cycle of business and in the end became a trillionaire and sold many hotdogs