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