_______ ________theory argues that the greater the? rewards, the more rapid the pace of technology. And greater rewards spur research and development.
Fill in the blank(s) with the appropriate word(s).
New growth
Economics
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Evidence suggests that a liquidity trap is possible when
A) real interest rates are at zero. B) real interest rates are at or just above zero. C) nominal interest rates are at zero. D) nominal interest rates are at or just above zero.
Economics
Market equilibrium is: a. defined as the condition in which there is neither a shortage or surplus
b. defined as the condition under which the separately formulated plans of buyers and sellers exactly mesh when tested in the market. c. represented graphically by the intersection of the supply and demand curves. d. all of the above.
Economics