What are the four phases of the business cycle Which phase of the business cycle would be the best time

What are the four phases of the business cycle?
Which phase of the business cycle would be the best time to purchase a large ticket item?
How do you calculate the labor force participation rate?
Who is accounted for in our country’s labor force?
How is our country’s unemployment rate calculated?
In one to two sentences, please define the term, “full employment?”

 

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