Discussion Forum Congratulations! You entered a sweepstake and won a fantastic prive a trip around the world. There's only one catch: you have to study the economy of each country from the list below that you visit and identify the current phase of its business cycle Be sure to explain your responses 1. Country 1 While the landscape is beautiful and the weather is superb, a lot of people seem unhappy. Business is slow, and production has dropped steady for the past six months Revenues are down companies are laying off workers, and there's less money around to spend 2. Country 2 Here, people are happily busy. Almost everyone has a job and makes a good Income. They spend freely, and businesses respond by offering a steady outfiow of new products 3. Country 3. Citizens of this country report that, for a while, lite had been tough lots of people were jobs, and money was tight. But things are getting much better. Workers are being called back to the jobs, production is improving, and peaple are spending agan 4. Country 4 This place makes you so depressed that you can't wait to get back home People seem defeated, mostly because many have been without jobs for a long time. Lots of businesses have closed down, and those that have managed to stay open are operating at reduced capacity