Author Question: The interest rate effect is part of the reason A) the long-run aggregate supply curve is ... (Read 34 times)

sarasara · **on:** Jun 30, 2018

The interest rate effect is part of the reason

A) the long-run aggregate supply curve is vertical.
B) the aggregate demand curve is downward sloping.
C) the short-run aggregate supply curve is upward sloping.
D) the aggregate demand curve is upward sloping.

Question 2

The development of new products through research and development in new growth theory is important because

A) new patents are created.
B) there can be a positive impact on future growth.
C) society's scarce resources are being used when they could be used for current consumption.
D) it will lead to a reduction in the savings rate.