Recall the Application about the incentives to install rooftop solar panels to answer the following question(s).According to the Application, the value of the federal tax credits equaled 30 percent of solar panel installation costs. If you purchase a rooftop solar panel for $20,000, then on the year you installed your solar panels, you should expect a decrease in your liabilities to the federal taxes by:
A. $6,000
B. $12,000
C. $15,000
D. $1,500
Answer: A
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You have two options for how to spend the afternoon. You can either go see a movie with your roommate or work as a tutor for the Math Department. From experience, you know that going to see a movie gives you $20 worth of enjoyment, and with your student discount, a movie ticket only costs $12. If you spend the afternoon working as a math tutor, you will get paid $45. On a typical day, you wouldn't be willing to spend the afternoon working as a math tutor for less than $35. What is your opportunity cost of seeing a movie this afternoon?
A. $22 B. $8 C. $57 D. $12
The process of steady increase in the quantity and quality of goods and services the economy can produce is called:
A. production. B. aggregation. C. economic growth. D. globalization.
If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to rise. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to remain the same.
Explain how the interest rate effect can increase aggregate demand
What will be an ideal response?