Description
PART 1 DIRECTIONS:
Discussion – Business Cycles and Unemployment
This discussion will help you better understand a country’s business cycle along with the different types and causes of unemployment.
Choose a country to research using World Facts Book or Trading Economics. Please answer the following questions in your initial post.
What are the different phases of the business cycle?
What is your country’s current phase of the business cycle? (Please support your answer.)
How is unemployment calculated?
What are the different types of unemployment?
Which type of unemployment has the greatest impact on your chosen country and why?
In your reply post, discuss how a peer’s chosen country relates to the one you selected. Please be supportive and encouraging in your posts.
Part 2
Written Assignment – Inter-Workings of the Economy
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.
How would economic fluctuations affect the sale of smartphones?
Please define the four phases of the business cycle that affect economic fluctuations.
How would unemployment levels affect the sale of smartphones?
How would the sale of smartphones be affected if the labor force participation rate decreased?
Please define the labor force participation rate and provide the current labor force participation rate in the United States.
How would inflation and less consumer purchasing power affect the sale of smartphones?
