Refer to Figure 9.4. In the long run, how much should the firm produce at the price P3?

If the required reserve ratio is 15 percent, there is no currency drain, and banks loan all of their excess reserves, an increase in the monetary base of $20,000 leads to a total increase in the quantity of money of

A) $200,000. B) $133,333. C) $3,000. D) $20,000. E) $300,000.

The figure above shows the market for transportation services, which produces an external cost due to the air pollution that is created

If the market for transportation services is competitive and unregulated, the equilibrium quantity is ________ and the equilibrium price is ________. A) 120; $14 B) 120; $8 C) 80; $12 D) 80; $6