Suppose That Chile Has a Budget Surplus,and Then Goes into Deficit.Which

question 177

Multiple Choice

Suppose that Chile has a budget surplus,and then goes into deficit.Which statement best predicts the consequences?

• A) National saving would increase,and Chile's supply of loanable funds would shift to the left.
• B) National saving would increase,and Chile's demand for loanable funds would shift to the right.
• C) National saving would decrease,and Chile's supply of loanable funds would shift to the left.
• D) National saving would decrease,and Chile's demand for loanable funds would shift to the right.

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that the total debits equal the total credits.

Kitchen Equipment

Kitchen equipment includes the tools and appliances used in the preparation, cooking, and storage of food in a kitchen setting.

Accounts Payable

A liability account on the balance sheet representing money owed by a company to its creditors or suppliers for purchases made on credit.

Credit Column

The section of an accounting record where increases in liabilities, revenues, and equity accounts are recorded.