In which phase will the unemployment rate rise?
In which phase should we expect the unemployment rate to start to decline?
How do economist determine if the economy is in a recession?
These terms are not bold in the text, but italicized. Define each as they relate to the business cycle.+p

1. Unemployment will rise in the Contraction stage because the company is experiencing a downward dive in operation and will need to lay off some staff to avoid incurring debts.

2. The Recovery stage: During this time, the company just rebooted and will need to speed up production to meet up with the loss incurred during a slow in production in the time of contraction.

3. When the value and standard of living is poor and down, when the currency value amounts to nothing, when the citizens are all passing through hard time meeting their daily, when business is contracted and the country GDP goes down, then it can he said the economy is in a recession.

Peak : This in business means when every operation from production and distribution flows smoothly.

Extraction: This is just the opposite of Peak in business. Everything here slows down and might result to the company having a redundancy.

Contraction: Unsteady movement in business operation. When it goes up and down.

Recovery: Resurrecting period in a business after a huge strike that affected the business.

turnover

the amount of money taken by a business in a particular period.