Sun's Gas Station is a firm operating in a perfectly competitive industry. Sun's Gas Station sells each gallon of gas for $3. What is the value of marginal product from hiring the fourth worker?

The view that inappropriate monetary policy was the main reason for the depth of the Great Depression in the United States is most closely associated with:

A. monetarism. B. the mainstream view. C. the rational expectations theory. D. the real-business-cycle theory.

Contrast the effects of a rising price level versus a falling price level on consumption and investment.

What will be an ideal response?