If the Consumer Price Index was 125 in one year and 120 in the following year, then the rate of inflation is approximately

In comparison with a perfect competition, a single-price monopolist with the same costs creates a ________ consumer surplus and makes a ________ economic profit

A) smaller; larger B) smaller; smaller C) larger; larger D) larger; smaller

Federal Reserve credit is equal to bank borrowing plus U.S. government security holdings plus

A) currency outstanding. B) capital accounts. C) float. D) bank reserves.