The three ways government can encourage research and development are ________
A) patents, foreign aid and direct government spending
B) foreign aid, direct government spending and tax incentives
C) direct government spending, tax incentives and patents
D) tax incentives, patents and foreign aid
C
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The LM curve will be vertical and fiscal policy ineffective when
A) the demand for money is unaffected by changes in the interest rate. B) the demand for money is unaffected by changes in income. C) investment is unaffected by changes in the interest rate. D) investment is unaffected by changes in income.
Briefly explain why gross domestic product is not a welfare measure
What will be an ideal response?
All of the following are tangible goods except: a. a skateboard
b. a desk. c. a train locomotive. d. fairness.
If in some year nominal GDP was $28 trillion and real GDP was $32 trillion, what was the GDP deflator?
a. 87.5. b. 114.3. c. 400. d. 896.