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Author Question: Who is best known for arguing about the long and variable lags of monetary policy? A) Friedman ... (Read 24 times)

shenderson6

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on: Jun 30, 2018
Who is best known for arguing about the long and variable lags of monetary policy?
 
  A) Friedman
  B) Keynes
  C) Phillips
  D) Greenspan
  E) Bernanke

Question 2

What factors determine technological progress?
 
  What will be an ideal response?


sarahccccc

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

Technological progress depends on (1 ) the fertility of research and development-how spending on R&D translates into new ideas and new products, and (2 ) the appropriability of the results of R&D-the extent to which firms benefit from the results of their R&D.


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