Adam Smith believed that the goal of economic activity is to amass wealth in the form of gold, and that this could best be accomplished through government carefully using tariffs and quotas to fashion favorable terms of trade with its trading partners
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The long-run effect of an increase in the money supply when starting from full employment is to
A) increase real GDP only. B) increase the price level only. C) increase both real GDP and the price level. D) increase real GDP as the price level increases too.
Economics
market supply schedule
What will be an ideal response?
Economics