Which of the following trends has been observed in federal ...

[mp14]

Which of the following trends has been observed in federal revenues and expenditures over time?
 a. Expenditures were lower than the revenues in the 1998-2001 period.
  b. Expenditures were lower than the revenues in the 1930s.
  c. Expenditures were higher than the revenues in the 1998-2001 period.
  d. Expenditures were more or less equal to the revenues in the 1930s.
  e. Expenditures were more or less equal to the revenues in the 1998-2001 period.

Question 2

The difference between a change in quantity supplied and a change in supply is that a change in:
 a. quantity supplied is caused by a change in a good's own, current price, while a change in supply is caused by a change in some other variable, such as input prices, prices of related goods, expectations, or taxes.
  b. supply is caused by a change in a good's own, current price, while a change in the quantity supplied is caused by a change in some other variable, such as input prices, prices of related goods, expectations, or taxes.
  c. quantity supplied is a change in the amount people want to sell, while a change in supply is a change in the amount they actually sell.
  d. supply and a change in the quantity supplied are the same thing.

[karlss]

Answer to Question 1

a

Answer to Question 2

a

[mp14]

YES! Correct, THANKS for helping me on my review

[vickybb89]

Thanks for the timely response, appreciate it