What type of spillovers do the United States and the European Union governments believe are associated with their domestic solar panel production?
a. consumption spillovers
b. heating spillovers
c. electricity spillovers
d. knowledge spillovers
Ans: d. knowledge spillovers
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In the short run, a decrease in aggregate demand will lead to
A) no change in the price level and a decrease in real GDP. B) an increase in the price level and a decrease in real GDP. C) a decrease in the price level and an increase in real GDP. D) an increase in the price level and an increase in real GDP. E) a decrease in the price level and an increase in the unemployment rate.
Nonrivalry is a feature of
A) goods but not services. B) all nonexcludable goods. C) excludable goods. D) public goods.
The higher the reserve requirements, the
a. greater the possible expansion of the money supply. b. less the possible expansion of the money supply. c. more loans a bank can extend. d. higher the interest a bank must pay on its checkable deposits.
The two key accomplishments of labor unions have been to _____________ and to provide some ___________.
Fill in the blank(s) with the appropriate word(s).