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Author Question: What role does research and development play in increasing productivity? What will be an ideal ... (Read 59 times)

Engineer

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on: Jun 30, 2018
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

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Reply #1 on: Jun 30, 2018
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


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Engineer

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Reply #2 on: Jun 30, 2018
Thank you


Awesome

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Reply #3 on: Jun 30, 2018
No problemo


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