Toby sells wheat in a perfectly competitive market. The demand curve for Toby's wheat is:

An increase in quantity demanded a. illustrated by a movement downward and to the right along a demand curve. b. illustrated by a movement upward and to the left along a demand curve. c. shifts the demand curve to the left

d. shifts the demand curve to the right.

When Sam Snerd decides to reduce his savings account by $20,000 to purchase a new car with cash, he is using money that is included in our definition of M1, M2 and M3

Indicate whether the statement is true or false