Elucidate the four phases of the business cycle


Brief explanation about Business cycle and Unemployment.

What is the business cycle? Elucidate the four phases of the business cycle. Where on the business cycle do you think the United States economy is today? Explain why. List and explain the 3 types of unemployment. What impact does part-time, underemployed, and discouraged workers have?

 

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Business Economics: Elucidate the four phases of the business cycle
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