Neither monetary policy nor any government policy can change the natural rate of unemployment

A game where it only matters that the players work together to agree on an outcome, not which outcome they agree upon, is called

A) a pure coordination game. B) a prisoner's dilemma game. C) an assurance game. D) a battle of the sexes game.

If the isoquants in an isoquant map are downward sloping but bowed away from the origin (i.e., concave to the origin), then the production technology violates the assumption of:

A) technical efficiency. B) free disposal. C) diminishing marginal returns. D) positive average product.