Patents are most likely to infringe on innovation:
A. for products that incorporate many different technologies into a single product.
B. of simple, easy-to-copy products.
C. in the pharmaceutical industry.
D. when they cause creative destruction.
Answer: A
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When the Fed ________, the U.S. foreign exchange rate falls
A) increases the size of the multiplier B) raises the interest rate C) raises taxes on interest income D) buys government securities E) sells government securities
How does an increase in the short-term interest rate affect peoples' desire to hold real money balances?
A) People will hold more money to compensate for the higher interest rate. B) People will hold more money in anticipation of higher inflation. C) People will hold less money since they would be sacrificing more interest by holding money. D) People will hold less money since it is not worth as much.