An increase in real GDP will shift the money demand curve to the ________, causing the nominal interest rate to ________

Wealth and income are two different terms used to represent the same concept, household well-being and, thus, may be used interchangeably

Indicate whether the statement is true or false

The value of a model is determined by

A) the usefulness of its predictions in the real world. B) the extent of the profit earned by applying it. C) the realism of its assumptions. D) the model's attention to real world details.