If the Federal budget is passed with expected revenues of $1.3 trillion dollars and expected expenditures of $1.1 trillion dollars, then the difference of $200 billion dollars is the:

How does the increasing use of MP3 players affect the market for compact discs?

A) The demand curve for compact discs shifts to the left. B) The supply curve for compact discs shifts to the left. C) The demand curve for compact discs shifts to the right. D) The supply curve for compact discs shifts to the right.

Suppose a one-year discount bond offers to pay $1000 in one year and currently has a 15% interest rate. Given this information, we know that the bond's price must be

A) $869.56. B) $1150. C) $850. D) $950. E) none of the above