ECONOMIC GROWTH The government wants to encourage technological innovation all across the US. The government thinks that with better technology, the US economy could become again the greatest economic power by far.

1. What would you do in order to encourage firms and/or households to invent/develop new technologies that would help produce more output (and thus create more employment)?

2. State Three (3) possible ways (policies) to encourage technological innovation.

3. Be specific on your recommended policy and Explain each.