If the federal government is running a budget surplus,
a. its expenditures must be greater than its revenues.
b. the supply of money will decline.
c. it will be able to reduce its outstanding debt.
d. the U.S. Treasury will have to borrow additional funds in order to cover the surplus.
C
Economics
You might also like to view...
What are some of the common arguments against free trade?
What will be an ideal response?
Economics
Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the (i) supply is more elastic than the demand. (ii) demand in more elastic than the supply. (iii) tax is placed on the sellers of the product. (iv) tax is placed on the buyers of the product
a. (i) only b. (ii) only c. (i) and (iv) only d. (ii) and (iii) only
Economics