A budget surplus a. occurs when tax revenues exceed transfer payments. b. occurs when government expenditures exceed tax revenues. c. occurs when monetary policy works in the opposite direction of fiscal policy. d. is an impossibility. e. occurs when tax revenues exceed government expenditures.

Which financial component is a mandatory deduction from your gross pay? a. sales tax b. social security tax c. health insurance d. disaster relief fund (drf) e. voluntary deduction

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

Arecession is defined as a period in which