The short run:
A. means that output cannot be changed.
B. means the price of output is fixed.
C. means the firm cannot increase or decrease at least one of its inputs.
D. All of these are true.
Answer: C
Economics
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a. True b. False
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By issuing checks, debit cards, and credit cards, banks:
a. increase the transaction costs in the economy. b. decrease the transaction costs in the economy. c. increase the liquidity of assets in the economy. d. decrease the liquidity of assets in the economy.
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