When developing classical models, there is an assumption that wages and prices will remain fixed relative to changes in supply and demand

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.

A demand schedule shows

A) the quantities that people plan to buy at each different income when all other influences on buying plans remain the same. B) the quantities that people would plan to buy if they could afford them at each different price when all other influences on buying plans remain the same. C) the quantities that people plan to buy at each different price when all other influences on buying plans remain the same. D) the quantities that people plan to buy in all possible circumstances. E) the quantities that people plan to buy at each different price as long as producers are willing to supply that quantity.