The actual division of a tax between buyers and sellers in a market is the excess burden of the tax

Suppose that aggregate demand increases along the upward sloping portion of the aggregate supply curve. What is the result?

A) Real GDP increases more than nominal GDP increases. B) Nominal GDP and real GDP increase by the same amount. C) Nominal GDP increases more than real GDP increases. D) Nominal GDP and real GDP decrease by the same amount.

The amount of government expenditures on a project or program should continue to increase for as long as the marginal benefits exceed the marginal costs

a. True b. False Indicate whether the statement is true or false