If a monopolist has an output price of $10, marginal revenue equal to $4, and faces a fixed wage rate of $8, then the monopolist should hire labor until the marginal revenue product is equal to

Which group of economists argues that the stock market crash of 1929 significantly reduced wealth, causing consumption to fall and resulting in a significant downturn in residential construction and investments?

(a) Classical economists. (b) Keynesian economists. (c) Monetarists. (d) Austrians.

When people became less concerned with the underlying value of their houses and instead focused on the expectations of the prices of their houses increasing, ________ occurred

A) stagflation B) an automatic destabilizer C) a housing bubble D) a supply shock