The increase in spending that occurs because the real value of ...

[tiara099]

The increase in spending that occurs because the real value of money increases when the price level falls is known as the
 
  A) price effect. B) wealth effect.
  C) interest rate effect. D) international trade effect.

Question 2

If government spending is 650 billion while government revenue is 950 billion, the government is said to have a
 
  A) 300 billion budget surplus. B) 300 billion budget deficit.
  C) 1,600 billion budget balance. D) 950 billion budget deficit.

[ryrychapman11]

Answer to Question 1

B

Answer to Question 2

A

[tiara099]

Thanks for the timely response, appreciate it

[T4T]

Gracias!