The "gang system" is an example of:
a. specialization and division of labor.
b. diminishing marginal product.
c. the envelope theorem.
d. Gresham's law.
a. specialization and division of labor.
Economics
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Increases in the price level
A) decrease the opportunity cost of holding money. B) increase the quantity of money needed for buying and selling. C) increase the opportunity cost of holding money. D) decrease the quantity of money needed for buying and selling.
Economics
Inflation that causes an increase in the prices of goods and services will, other things being equal, tend to decrease nominal GDP
a. True b. False Indicate whether the statement is true or false
Economics