Creative destruction is the creation of new products and production methods that completely destroy the market positions of firms wedded to existing products and older ways of doing business.
Creative destruction is the constant process and product innovation mechanism through which new production models replace obsolete ones. This restructuring process pervades the main features of macroeconomic performance, including lengthy growth and changes in the economy, structural adjustment, and factor market functioning.
Over time, the practice of creative destruction is responsible for more than half of all productivity growth. Restructuring typically decreases during recessions at business cycle frequency, adding a massive expense to downturns. Obstacles to the creative destruction process can have serious long- and short-term macroeconomic consequences.
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<span>Based on this information, we would conclude that mary is in the concrete operational stage of development. The concrete operational stage of development is the third stage of Piaget's theory of cognitive development. In this stage it shows how someone starts thinking as a child grows up and it relates to logical thoughts as they get older. </span>
To increase the money supply using the open market operation strategy, the Fed should buy Treasury Bonds.
<h3>How can the Fed increase money supply?</h3>
Increasing money supply would mean the Fed releasing more currency into the U.S. economy.
This can be done by buying back treasury bonds from the public because the Fed would pay for those bonds with currency which would then float into the economy.
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The answer is A
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