All growth theory today is "new growth theory" because it considers a broad framework that includes technological progress

The equilibrium price and quantity in a free market usually reflect private marginal costs and benefits, not social ones

a. True b. False

When the money market is drawn with the value of money on the vertical axis, as the price level increases the quantity of money

a. demanded increases. b. demanded decreases. c. supplied increases. d. supplied decreases.