A budget surplus
A) occurs when government expenditures exceed tax revenues.
B) occurs when tax revenues exceed government expenditures.
C) occurs when tax revenues exceed transfer payments.
D) occurs when monetary policy works in the opposite direction of fiscal policy.
E) is an impossibility.
B
You might also like to view...
Cupcakes and granola bars are substitutes in consumption. The price of a granola bar increases so the demand for
A) granola bars will increase, that is, the demand curve will shift rightward. B) cupcakes will increase, that is, the demand curve will shift rightward. C) granola bars will decrease, that is, the demand curve will shift leftward. D) cupcakes will decrease, that is, the demand curve will shift leftward.
If a customer deposits $300 cash in a checking account, the bank's:
a) liabilities increase by $300. b) assets decrease by $300. c) liabilities decrease by $300. d) liabilities stay the same.