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Consider a perfectly competitive firm.Which of the following equalities could hold true in a short- run equilibrium but not in a long- run equilibrium?
Credit Cards
Payment cards issued by financial institutions allowing cardholders to borrow funds for purchases, which must be repaid along with any accrued interest.
Money Supply
The aggregate sum of liquid assets within an economy at a given time, including cash, bank deposits, and assets that can be quickly turned into cash.
Demand for Money
The desire or need by individuals and businesses to hold liquid assets, primarily currency and demand deposits, for transactional, precautionary, and speculative purposes.
Nominal GDP
Nominal Gross Domestic Product refers to the market value of all final goods and services produced within a country in a given period, measured in current market prices.
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