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What are the four phases of the business cycle

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Question: 1. What are the four phases of the business cycle?

2. Which phase of the business cycle would be the best time to purchase a large ticket item?

3. How do you calculate the labor force participation rate?

4. Who is accounted for in our country's labor force?

5. How is our country's unemployment rate calculated?

6. In one to two sentences, please define the term, "full employment?"

7. In one to two sentences, what is a discouraged worker?

8. What are the four types of unemployment?

9. Which type of unemployment is the direct cause of our country (economy) contracting?

10. In one to two sentences, please define, inflation?

Reference no: EM132539581

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