Which of the following is not a reason why government agencies subsidize basic research?
a. The private market devotes too few resources to basic research.
b. The general knowledge developed through basic research can be used without charge.
c. The social benefit of additional knowledge is perceived to be greater than the cost of the subsidies.
d. The government wants to attract the brightest researchers away from private research firms.
d
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The market labor supply curve is usually __________ over the relevant range of market wage rates
a. positively sloped b. negatively sloped c. backward bending d. vertical e. horizontal
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward