Author Question: Patents stimulate technological advance by A) allowing inventors to capture the economic rewards ... (Read 215 times)

shofmannx20 · **on:** Jun 30, 2018

Patents stimulate technological advance by

A) allowing inventors to capture the economic rewards of their inventions.
B) making capital more productive.
C) providing information about the status of technical knowledge in the economy.
D) enabling the government to determine which potential technological advances firms should pursue.

Question 2

The government might engage in expansionary fiscal policy if it wanted to

A) shift the aggregate demand curve to the left. B) reduce the level of unemployment.
C) reduce real GDP. D) reduce the price level.