According to the natural rate hypothesis, the natural rate of unemployment is largely dependent on the stimulus provided by monetary or fiscal policy

Economists refer to the general problem of ________ as a principal-agent relationshi

A) moral hazard B) adverse selection C) negative externalities D) pecuniary externalities

The nonrivalrous character of technological ideas suggests that ________

A) patent law protection is ultimately inefficient B) technological change follows a logarithmic pattern C) technology developed in one industry, e.g. the vodka industry, cannot be used in another industry, e.g. the automobile industry D) ideas can be used over and over again