Discussion Post: Principles of Economics
a) What are the four phases of the business cycle?
b) Which phase of the business cycle would be the best time to purchase a large ticket item?
c) How do you calculate the labor force participation rate?
d) Who is accounted for in our country's labor force?
e) How is our country's unemployment rate calculated?
f) In one to two sentences, please define the term, "full employment?"
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.