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Author Question: When government revenues exceed government outlays in a particular year, this is called A) a ... (Read 146 times)

rayancarla1

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on: Jun 29, 2018
When government revenues exceed government outlays in a particular year, this is called
 
  A) a budget surplus.
  B) a budget deficit.
  C) the national debt.
  D) fiscal policy.

Question 2

Assume that coffee and tea are substitutes. Given a downward sloping demand curve for tea, an increase in the price of tea will cause
 
  A) an increase in the demand for coffee.
  B) a decrease in the demand for coffee.
  C) a leftward shift of the demand curve for tea.
  D) a leftward shift in the demand for coffee.


asware1

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

A

Answer to Question 2

A


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