If the money supply is $600 and nominal income is $3,600, the velocity of money is

International capital-flow shocks tend to be less disruptive with floating exchange rates than with fixed exchange-rates.

Answer the following statement true (T) or false (F)

Suits Only, a dry cleaning firm that specializes in cleaning business suits, operates in a perfectly competitive market. Robin Smith, an exceptionally talented manager, has been hired to manage Suits Only. In the dry cleaning business, a manager typically makes a salary of $400 per week. Suits Only faces the long-run average and marginal costs shown in the figure below. In long-run competitive equilibrium, the market price for cleaning a business suit is $4.50.Given the above, if Robin Smith buys Suits Only and continues to manage it herself, she will

A. earn $75 in economic rent per week. B. earn zero economic profit. C. earn $75 in economic profit each week. D. both a and b.