Examlex
_____ is a positive externality from R&D resulting from the spread of knowledge across organizational or regional boundaries.
Unemployment Rate
The share of people in the labor force who have no job but are searching for one.
Business Confidence
An economic indicator that measures the degree of optimism or pessimism that business managers feel about the prospects of their companies and the economy as a whole.
Natural Rate
The unchanging rate of unemployment in the economy that occurs due to the frictional and structural factors when the labor market is in equilibrium.
Inflation Rate
The percentage increase in the general level of prices for goods and services in an economy over a period, typically measured annually.
Q9: Briefly explain the different types of innovation.
Q21: Whereas _ are often associated with a
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