Examlex
Holding other factors constant, if employers automatically enroll employees in retirement savings programs in order to overcome psychological barriers to saving, then the real interest rate will ________ and the equilibrium quantity of saving and investment will ________.
Public Good
A good that is non-excludable and non-rivalrous, meaning it can be consumed by anyone without reducing its availability to others.
Marginal Revenue
The additional revenue generated from selling one more unit of a good or service.
Externalities
Economic side effects or consequences that affect uninvolved third parties; can be either positive or negative.
Externality
Actions of one party impose costs or benefits on a second party.
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