Refer to the information provided in Figure 2.1 below for the economy of Macroland to answer the question(s) that follow. Figure 2.1Refer to Figure 2.1. Macroland's production possibility frontier is bowed out from the origin due to

The above figure shows the demand and cost curves for a monopolistically competitive firm in the long run. The firm has excess capacity of

A) 4 units. B) 8 units. C) 16 units. D) $10.

The monetary base will increase if

A) currency outstanding decreases. B) loans by the Fed to commercial banks decrease. C) bank reserves increase. D) vault cash in banks increases.