This discussion will help you better understand a countrys 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 countrys 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?
