If managers minimize costs they have maximized profits
Indicate whether the statement is true or false
False
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A disadvantage of virtual banks (clicks) is that
A) their hours are more limited than physical banks. B) they are less convenient than physical banks. C) they are more costly to operate than physical banks. D) customers worry about the security of on-line transactions.
Keynes argued that the precautionary component of the demand for money was primarily determined by the level of people's ________, which he believed were proportional to ________
A) incomes; wealth B) incomes; age C) transactions; income D) transactions; age
In the short run, a monopolist: a. always suffers an economic loss
b. always earns an economic profit. c. always earns a normal rate of return. d. may make an economic loss, an economic profit, or zero economic profits.
Along the classical or vertical range of the aggregate supply curve, an increase in the aggregate demand curve will increase:
A. both the price level and real GDP. B. only real GDP. C. only the price level. D. real GDP and reduce the price level.