The nominal interest rate minus the inflation rate equals the real interest rate

A price floor establishes a minimum price, and a price ceiling establishes a maximum price

Indicate whether the statement is true or false

Deadweight loss measures the loss

a. in a market to buyers and sellers that is not offset by an increase in government revenue. b. in revenue to the government when buyers choose to buy less of the product because of the tax. c. of equality in a market due to government intervention. d. of total revenue to business firms due to the price wedge caused by the tax.