Suppose Lorna will buy more sweaters if the price of sweaters rises. She is violating the

A surplus is defined as

A) the excess of total expenditures over total revenues. B) government spending plus transfer payments. C) the sum of all past borrowing by the government. D) the excess of total revenues over total expenditures.

A decrease in the demand for American-made goods will

A) increase the supply of dollars in the foreign exchange market. B) decrease the supply of dollars in the foreign exchange market. C) increase the demand for dollars in the foreign exchange market. D) decrease the demand for dollars in the foreign exchange market.