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Author Question: A government budget surplus is A) a situation in which the supply of goods in the economy is ... (Read 138 times)

Charlie

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on: Jun 29, 2018
A government budget surplus is
 
  A) a situation in which the supply of goods in the economy is greater than the demand for goods.
  B) a situation in which the amount spent by the government is greater than the amount collected in taxes.
  C) the public debt.
  D) an excess of revenues over government spending.

Question 2

Economists assume that when there is a change in supply and/or demand, the market clearing price returns to the equilibrium
 
  A) quickly.
  B) slowly.
  C) after a protracted negotiation process.
  D) after an adjustment period.


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cadimas

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Charlie

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bbburns21

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Reply 3 on: Yesterday
Excellent

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