Studies Show That the Rate of Product Development Is Diminished

question 3

True/False

Studies show that the rate of product development is diminished in firms that have more contact with academic institution, which is particularly true with products that are radically new rather than incrementally changed.

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Definitions:

Monetary Neutrality

The concept that changes in the money supply only affect nominal variables, like prices, not real variables like output or employment in the long term.

Classical Dichotomy

The theoretical separation of nominal and real variables

Short-Run Phillips

A theoretical framework that implies a short-term inverse correlation between inflation rates and unemployment levels.

Classical Dichotomy

The theoretical separation of nominal and real variables in an economy, suggesting that changes in the money supply only affect nominal variables and not real variables like output.