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PDF The Business Cycle: Introduction to Macroeconomic Indicators - EconEdLink However, most business cycles do not end in a depression. Draw a graph of a business cycle using unemployment as your measure of economic activity. That is, label the vertical axis with the unemployment rate. Make sure that you also label the horizontal axis. Label the phases of the business cycle on your graph. Remember that you are Solved 1. Draw a graph of a business cycle, with each phase - Chegg Draw a graph of a business cycle, with each phase clearly labeled, that exhibits long run economic growth. For each phase, be certain to address what is happening within each phase of the cycle in the economy, especially with regard to GDP, unemployment, and income. (30) 2. Explain the difference between each of the three types of unemployment. Use [Solved] Draw a diagram of the phases of a business cycle and label ... The fluctuations of the economy are shown in the business cycle, the economic prosp...