If the current €/$ exchange rate is at parity, then the Euro price of a Hollister hoody costing US$125 is:

A perfectly competitive industry's short-run supply curve is best described as

A) the upward sloping portion of the industry's marginal cost curve. B) horizontal. C) perfectly inelastic. D) the horizontal summation of the individual firms' supply curves.

In the equation of exchange, PQ represents: a. the dollar value of all final goods and services sold in a country in a given year. b. the price index times nominal GDP

c. real GDP. d. the price level times the velocity of money