Ceteris paribus means "Let the buyer beware."
Answer the following statement true (T) or false (F)
False
Economics
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A change in which of the following shifts the demand curve?
A) the number of sellers in the market B) the price of the resources used to produce the product C) the technology with which the product is produced D) the tastes and preferences of consumers
Economics
According to the equation of exchange, if real output and the money supply stay the same and the price level increases:
A. nominal GDP remains constant. B. the velocity of money has to increase. C. the velocity of money has to decrease. D. the real GDP had to rise.
Economics