(Answered) A briefly describe the four phases of a business cycle as

Management Studies

a) Briefly describe the four phases of a Business Cycle. As of the time of this assignment, in which phase of the business cycle does the U.S. economy find itself? Justify your answer.

b) What was the latest reported figure for the U.S. unemployment rate? (see bls.gov)

c) What has been the rate of change in the CPI over the last year? (see bls.gov)

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