Assuming that GDP is fixed, fill in the missing values for Total Amount of Money Demanded Transactions demand 4,150 Money Supply 1 (Ms1) 4,950 Money Supply 2 (Ms2) = 4,750 Total Amount of Rate of Interest Money Demanded for Asset Purposes Money Demanded

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.