The development of new products through research and development in new growth theory is important because
A) new patents are created.
B) there can be a positive impact on future growth.
C) society's scarce resources are being used when they could be used for current consumption.
D) it will lead to a reduction in the savings rate.
B
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Which of the following is an example of an intermediate-term debt?
A) a fifteen-year mortgage B) a sixty-month car loan C) a six-month loan from a finance company D) a thirty-year U.S. Treasury bond
Which of the following variables is likely to serve as an intermediate target for monetary policy?
A) Money supply B) Inflation rate C) Open-market operations D) Unemployment rate
If we sum all the firms' MC curves above their ATC curves, we would derive the perfectly competitive
a. long run cost curve b. short run cost curve c. horizontal cost curves d. short-run market supply curve e. long-run market supply curve
Status quo bias is the:
A. general resistance to change, often stemming from loss aversion. B. inefficiency that stems from constant change. C. inefficiency that stems from anchoring and adjustment. D. general enthusiasm for change, often stemming from regression to the mean.