Which Statement(s) Is/are True? I

question 85

Multiple Choice

Which statement(s) is/are true? I. At full employment, expansionary fiscal policy results in an increase in aggregate demand, increasing output temporarily above full employment.
II) When the government runs a deficit, it usually sells bonds.
III) When the federal government spends more than tax revenues permit, it can sell bonds only to foreigners.

• A) I only
• B) I and II only
• C) II and III only
• D) I, II, and III only

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Definitions:

Caucasian Jews

Jewish individuals originating from the Caucasus region or sometimes referring to Ashkenazi Jews.

Privileged Group

A social group that is given unearned societal advantages and benefits over other groups based on race, gender, class, or other sociopolitical markers.

United States

A country in North America composed of 50 states and is known for its significant cultural and economic influence globally.

Fiction

A literary genre that involves the creation of stories from the imagination, not necessarily based on real events.