Invention is the discovery of a new process or idea. Innovation is

A. the continuing search for inventions.
B. copying ideas from rival firms.
C. putting an invention to work.
D. basic research.

Answer: C

Economics

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Is it possible for nominal GDP to increase while real GDP does not change?

What will be an ideal response?

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The long-run Phillips curve shows an inverse relation between inflation and unemployment

a. true b. false

Economics