Most macroeconomists believe it is a good thing

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Q1. Explain why are blocking rights important in setting the incentives for successive innovators? Distinguish among (i) a two-stage innovation (basic also applied research) also (ii) a quality ladder.

Q2. Most macroeconomists believe it is a good thing to taxes act as automatic stabilizers also lower the size of the multiplier. Elucidate however, a smaller multiplier means to the change in government purchases of goods also services, government transfers or taxes necessary to close an inflationary or recessionary gap is larger. Elucidate how can you Elucidate this apparent inconsistency?

Reference no: EM1319317

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