This is a graph of the business cycle.

A graph of the business cycle has time on the x-axis. A curve increases slightly and then decreases significantly to the lowest point on the graph. The curve then increases again.

Time is measured along the x-axis. What is measured along the y-axis?

employment levels
prices
economic output
demand

Arecession is defined as a period in which

As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits

How does the federal reserve stabilize and safeguard the nation’s economy? (select all that apply.) it distributes currency and oversees fiscal conditions. it implements american monetary policy. it regulates banks and defends consumer credit rights. it regulates and oversees the nasdaq stock exchange.