The 45-degree income line is the same as the aggregate expenditure curve

The data on U.S. nominal interest rates and inflation rates tends to:

A. serve as evidence against the Fisher Effect, since nominal interest rates and inflation rates seem to move in opposite directions. B. serve as evidence against the Fisher Effect, since nominal interest rates and inflation rates seem to move in the same direction. C. provide support for the Fisher Effect, since nominal interest rates and inflation rates seem to move in opposite directions. D. provide support for the Fisher Effect, since nominal interest rates and inflation rates seem to move in the same direction.

In response to the economic downturn, the federal government enacted a fiscal stimulus bill with funding in excess of $700 billion

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