Assignment: Inner Workings of Econ
You are a junior executive of a new cellular phone carrier called Technologies of the Future (TOF) that competes in the same market as Verizon Wireless, AT&T, and T-Mobile. You are asked to write a professional document that discusses the concepts below.
I. How would economic fluctuations affect the sale of smartphones?
II. Define the four phases of the business cycle that affect economic fluctuations.
III. How would unemployment levels affect the sale of smartphones?
IV. How would the sale of smartphones be affected if the labor force participation rate decreased?
V. Define the labor force participation rate and provide the current labor force participation rate in the United States.
VI. How would inflation and less consumer purchasing power affect the sale of smartphones?
Format your assignment according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the assignment, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.