The term for an innovative new product or production technology that disrupts the status quo in a market, leading the innovators to earn more income and profits and the other firms to lose income and profits, unless they can come up with their own innovations is called a(n)

Government spending on interstate highways, public housing facilities, and defense projects are all ways that the president can

a. close a recessionary gap b. close an inflationary gap c. combat inflation d. shift the aggregate demand curve to the left e. reverse the paradox of thrift

The differences in the desirability of different jobs within a company could give rise to a compensating differential between workers

a. True b. False Indicate whether the statement is true or false