The immigration of skilled scientists and engineers from other nations pushes the supply curve for innovation to the right, increasing the amount of innovation.
Answer the following statement true (T) or false (F)
True
An increase in the supply of scientists and engineers increases the number of people who can do research, increasing the supply of innovation.
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The key idea behind price discrimination is to convert consumer surplus into
A) a barrier to entry. B) economic profit. C) deadweight loss. D) monopoly power. E) total cost.
Tax cuts on business income increase aggregate demand by increasing
A) wage rates. B) government spending. C) consumption spending. D) business investment spending.
Which of the following will occur if the Fed raises the reserve requirement, ceteris paribus?
A. The aggregate supply curve should shift leftward. B. The aggregate supply curve should shift rightward. C. The aggregate demand curve should shift leftward. D. The aggregate demand curve should shift rightward.
Is discount lending used to keep banks from failing? Explain.
What will be an ideal response?