Business Cycle Phases

Business Cycle Phases

Respond to the following four questions in a minimum of 175 words each question

1.- Compare and contrast the phases of the business cycle. (175 words)

2.-Explain Business Cycle Phases. (175 words)

Structural unemployment arises when changes in technology or international competition changes the skills necessary for jobs or change the location of jobs. For instance, technological change, such as the invention of the personal computer, can switch the skills needed for jobs, say from the ability to repair typewriters to the ability to repair computers. 

3.-What are some other examples of structural unemployment? (175 words)