In the study of macroeconomics, production leads to income, and income leads to production in a continuing cycle

Innovations, including new products and services, in financial markets and institutions have made the job of defining the money supply easier

Indicate whether the statement is true or false

Suppose an increase in investment spending results in an increase in equilibrium real GDP and a rise in the equilibrium price level. This implies that the aggregate supply curve for this economy is vertical

a. True b. False Indicate whether the statement is true or false