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The business cycle represents the short-term changes experienced in the economy due to changes in levels of economic activity. Summarize the 4 different phases of

The business cycle represents the short-term changes experienced in the economy due to changes in levels of economic activity.

  • Summarize the 4 different phases of the business cycle.
  • List and explain three types of unemployment.
  • Discuss unemployment in different phases of businesses cycle
  • Find the most recent unemployment rate of your state (be sure to cite your source).
  • From a personal perspective, can you explain your view of the current job market in your local area?

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