Business Cycle

Anonymous
timer Asked: Dec 12th, 2018
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Question description

Your task is to complete all assigned questions. Word format and Apa format

  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?

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Failure to adequately state market fluctuations, unemployment, and labor force participation rate

Able to state what market fluctuations, unemployment, and labor force participation rate

Able to state what market fluctuations, unemployment, and labor force participation rate Also able to give examples of market fluctuations, unemployment, and labor force participation rate

Able to state and articulate what market fluctuations, unemployment, and labor force participation rate Also able to give examples and articulate market fluctuations, unemployment, and labor force participation rate

Tutor Answer

CompEngineerHarold
School: Rice University

Attached.

Running Head: BUSINESS CYCLE

1

Business Cycle

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2

BUSINESS CYCLE
1. What are the four phases of the business cycle?
The four phases of a business cycle are the prosperity phase, recession phase, the depression
phase, and the recovery phase. Consider the image below;

Fig 1: Business Cycle Phases
The prosperity phase involves real-time expansion of the business, meaning that the profits,
prices, employment, and income, as well as output, is on the rise. The standards of living in this
stage are also high and if not, they rise. T is also featured by inflation, rising interest rates,
general business optimism, high demand, and high trade levels among others. The recession
phase is always the turning point before the business cycle enters the repression phase. During
the recession phase, business activities stop moving at a faster phase. Here demand starts to fall
and supply shoots causing prices to fall. The profits, prices, employment, income, and the output
start declining steadily during this phase and pessimism as well as loss of confidence is
experienced by businessmen. Unemployment rates drop and cash liquidity increases since people
do not trust banks anymore and vice versa. The depression phase follows this and it involves a

3

BUSINESS CYCLE
steady decline in profits, prices, employment, income, and output. Major features include
deflation,...

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