In the pivotal Supreme Court decision Munn v Illinois (1877), the court held that only natural monopolies were subject to federal government regulation

As measured, GDP omits which of the following?

i. Illegal sales of goods and services ii. Changes in the amount of leisure time iii. Household production of goods and services A) i and ii B) ii and iii C) i only D) i, ii, and iii E) i and iii

A country with high inflation, rising budget and trade deficits, and a rapidly expanding money supply

(a) is in transition. (b) has macroeconomic instability. (c) is practicing import substitution. (d) is practicing export promotion.