What role does research and development play in increasing ...

[Engineer]

What role does research and development play in increasing productivity?
 
  What will be an ideal response?

Question 2

Assuming a long-run aggregate supply curve, a decrease in taxes results in ________ in output and ________ in price level.
 
  A) no change; an increase B) an increase; no change
  C) a decrease; a decrease D) no change; a decrease

[Awesome]

Answer to Question 1

Research and development refers to the activities directed at improving scientific knowledge, generating new innovations or implementing of existing knowledge to production in order to improve the technology of a firm or an economy. Since an improvement in technology increases productivity, research and development facilitates increases in productivity.

Answer to Question 2

A

[Engineer]

Thank you

[Awesome]

No problemo