Andrea would be considered unemployed if she is
a. working at a part-time job but is looking for a full-time job.
b. absent from her regular job as the result of illness.
c. working at a full-time job but is looking for a part-time job.
d. not working and is looking for a part-time job.
D
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When we solve the firm's cost minimization problem by the method of Lagrange multipliers, the optimal value of the Lagrange multiplier equals the:
A) marginal product of labor. B) marginal product of capital. C) marginal cost of production. D) cost-output elasticity.
If the Fed is increasing its holdings of government bonds at the same time the federal deficit is increasing,
a. the Fed and the Treasury are, as usual, coordinating activities. b. crowding out is more likely to occur. c. the debt is being monetized. d. the Fed is attempting to increase interest rates.