Author Question: When government outlays exceed tax revenues, the situation is called a budget A) surplus. B) ... (Read 102 times)

Awilson837

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When government outlays exceed tax revenues, the situation is called a budget
 
  A) surplus.
  B) deficit.
  C) with a negative balance.
  D) with no balance.
  E) debt.

Question 2

The law of demand refers to the fact that, other things remaining the same, when the price of a good rises,
 
  A) the demand curve shifts rightward.
  B) the demand curve shifts leftward.
  C) there is a movement down along the demand curve to a larger quantity demanded.
  D) there is a movement up along the demand curve to a smaller quantity demanded.
  E) the demand curve shifts rightward and there is a movement up along the demand curve to a smaller quantity demanded.



Jmfn03

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Answer to Question 1

B

Answer to Question 2

D



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