Writing total output as Q, change in output as ?Q, total labor employment as L, and change in labor employment as ?L, the marginal product of labor can be written algebraically as

A shift in the supply curve of bicycles resulting from higher steel prices will lead to: a. higher prices of bicycles

b. lower prices of bicycles. c. a shift in the demand curve for bicycles. d. a larger output of bicycles.

Which of the following Fed policy actions left the date for completion open, based on achieving particular employment objectives?

A. QE2. B. QE3. C. Maturity Extension Program. D. Operation Twist.