An exchange rate crisis is caused by
A) a sudden and an unexpected collapse in the value of a nation's currency.
B) the inability of the IMF to predict the immediate collapse of the currency of a country.
C) the adoption of a flexible exchange rate system by a country or group of countries.
D) the adoption of a fixed exchange rate system by a country or group of countries.
A
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The long-run Phillips curve is vertical
a. True b. False
Consider a firm that uses only one fixed input and one variable input. a . Explain how this firm's ATC, AVC, and AFC curves will be affected by a government tax on the fixed input. b. Explain how this firm's ATC, AVC, and AFC curves will be affected by a government tax on the variable input. c. When would a tax on an input cause the MC curve to change?
What is calculated as MP x P?
a. revenue gained from the output of an additional worker b. increase in costs associated with an increase in labor c. change in output associated with a change in input d. market price (value) of the company’s total output
Exhibit 3-5 Supply for Tucker's Cola Data Quantity supplied per week(millions of gallons) Price pergallon 6 $3.00 5 2.50 4 2.00 3 1.50 2 1.00 1 .50 Exhibit 3-5 shows the supply schedule for Tucker's Cola. Suppose there are four additional suppliers of cola in the market. When the price per gallon of cola is $1.50, the first supplier is willing to sell 10 million gallons, the second supplier is willing to sell 2 million gallons, the third supplier is willing to sell 5 million gallons, and the fourth supplier is willing to sell 0 gallons. The market quantity supplied of cola when the price is $1.50 is
A. 17 million gallons. B. 20 million gallons. C. 30 million gallons. D. 0 gallons.