Author Question: A technology spillover occurs when one firm's research and production increase another firm's access ... (Read 127 times)

ereecah · **on:** Jun 30, 2018

A technology spillover occurs when one firm's research and production increase another firm's access to technological advances.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If the short-run Phillips curve was a straight line with a very steep slope, the inflation costs of reducing unemployment:
a. are fairly low.
b. are fairly high.
c. depend on the current rate of inflation.
d. rises as the economy approaches full employment.