In Year 1, the actual budget deficit was $200 billion and the cyclically-adjusted deficit was $150 billion. In Year 2, the actual budget deficit was $225 billion and the cyclically-adjusted deficit was $175 billion. It can be concluded that fiscal policy from Year 1 to Year 2 became more:

A price below the equilibrium price results in

A) a surplus. B) a shortage. C) excess supply. D) a further price fall.

The figure above shows a nation's production possibilities frontier for apples and oranges

a) What combination of goods is represented by point A? b) What combination of goods is represented by point B? c) Which point represents an unattainable combination of goods?