Luke Anderson is earning $28,000 a year in a city located in the Midwest. He is interviewing for a position in a city with a cost of living 16 percent higher than where he currently lives. What is the minimum salary Luke would need at his new job to maintain the same standard of living

Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.