Which statement about expansionary fiscal policy is true? It could include decreasing the reserve requirement. It could include lowering the interest rates. It generally has a negative effect on gross domestic product (GDP). If it is based on a tax cut, it will trigger the multiplier effect. Question 13 Mark this question Select the TRUE statement regarding aggregate supply in the long and short run. If production is below the LRAS, it will eventually have to fall back. The discovery of new resources can cause the LRAS curve to move. In the short run, there is no relationship between price level and RGDP. In the long run, changes in price will affect output