An increase in nonlabor input costs will:
a. Increase SRAS

The development of new products through research and development in new growth theory is important because

A) new patents are created. B) there can be a positive impact on future growth. C) society's scarce resources are being used when they could be used for current consumption. D) it will lead to a reduction in the savings rate.

Markets will tends to produce too little of activities that generate positive externalities

a. True b. False