When government expenditures exceed government revenues a budget surplus will exist

The long-run aggregate supply curve will shift to the left when

A) technology improves. B) new sources of oil are discovered. C) the price level increases. D) population decreases.

Which of the following is an example of a negative externality?

A) There is an increase in injuries to pedestrians caused by accidents resulting from electronic billboards distracting drivers. B) The opening of a new shopping mall increases the business of nearby restaurants. C) A consumer pays a higher price than another consumer does for the same product. D) Consumers pay a sales tax in addition to the price of a product.