Discretionary fiscal policy works by shifting the aggregate ...

[krzymel]

Discretionary fiscal policy works by shifting the aggregate demand curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Suppose the real gross domestic product (GDP) equals 200 billion this year and the nominal gross domestic product (GDP) equals 300 billion. This implies that the price level has increased by _____.
 a. 100 billion
  b. 200 billion
  c. 50 percent
 d. 100 percent
  e. 33 percent

[Kaytorgator]

Answer to Question 1

True

Answer to Question 2

c