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Author Question: Which of the following trends has been observed in federal revenues and expenditures over time? a. ... (Read 32 times)

mp14

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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.



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karlss

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Answer to Question 1

a

Answer to Question 2

a




mp14

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


mohan

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Reply 3 on: Yesterday
:D TYSM

 

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