Since 2007, budget deficits in the United States have been so high because there has been: a) increased economic activity. Since more people have been employed, overall incomes rose, increasing tax revenues and increasing budget deficits. b) decreased economic activity. Since fewer people have been unemployed, overall tax rates fell, bringing down tax revenues and increasing budget deficits. c) decreased economic activity. Since fewer people have been employed, overall tax rates rose, increasing tax revenues and spending and increasing budget deficits. d) decreased economic activity. e) Since fewer people have been employed, overall incomes fell, bringing down tax revenues and increasing budget deficits.

Choose the best term for each definitionexpense, liability, monetary asset, statement of financial position, tangible asset, net worth, market value, investment asset, income, assetitems of monetary value a person or household ownsmoney spentmoney receivedfinancial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the futurea debt or obligation owed to othersthe amount you could realistically sell an asset forassets that can be quickly and easily converted into casha measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to othersa financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worthpersonal property that was purchased to create a lifestyle or improve your life

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

Which change is illustrated by the shift taking place on this graph? a decrease in supply an increase in supply o an increase in demand o a decrease in demand