An increase in demand is represented graphically by a rightward shift of the demand curve
Indicate whether the statement is true or false
TRUE
Economics
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According to the quantity theory of money, nominal GDP will double if the money supply is
A. reduced threefold. B. reduced by one-half. C. tripled. D. doubled.
Economics
To explore the rationale for specialization, economists use the:
A. marginal principle. B. principle of opportunity cost. C. real-nominal principle. D. principle of marginal exchange.
Economics