Discretionary Fiscal Policy Works by Shifting the Short-Run Aggregate Supply

question 101

True/False

Discretionary fiscal policy works by shifting the short-run aggregate supply curve.

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Definitions:

Sample Space

The set of all possible outcomes or results in a probability experiment.

Random Experiment

An experiment or process for which the outcome cannot be predicted with certainty ahead of time, involving random variables.

Mutually Exclusive

refers to events that cannot occur at the same time in a probabilistic experiment.

P(A)

The probability of an event A occurring.