Which Statement(s) Is/are True? I

Multiple Choice

Which statement(s) is/are true? I. At full employment, expansionary fiscal policy results in an increase in aggregate demand, increasing output temporarily above full employment.
II) When the government runs a deficit, it usually sells bonds.
III) When the federal government spends more than tax revenues permit, it can sell bonds only to foreigners.

A) I only
B) I and II only
C) II and III only
D) I, II, and III only