If a minimum wage is introduced that is above the equilibrium wage rate, a. unemployment decreases because more workers accept jobs at the higher minimum wage b. the quantity of labor demanded increases c. the supply of labor increases and the supply of labor curve shifts rightward d. job-search activity increases

c. the supply of labor increases and the supply of labor curve shifts rightward

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

The answer is product modification