Suppose that you took out college loans totalling $60, 000 with an interest of 7.5%. You have an online payment plan which continuously deducts money from your bank account at a rate which comes out to $15, 000 per year. How long will it take you to pay off the loan

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.