The federal budget surplus recorded in 1998 resulted from a(n):
a. decrease in taxes and rapid growth in federal outlays.
b. increase in taxes and sluggish growth in federal outlays.
c. decrease in taxes and a decrease in federal outlays

The higher the transactions costs, the easier it is to negotiate an agreement involving negative externalities

Indicate whether the statement is true or false

If the price level increases, the money demand curve will

a. shift leftward b. become steeper c. remain in the same position; however, there will be movement upward along the curve d. shift rightward e. remain in the same position; however, there will be movement downward along the curve