If a person who generates a negative externality incorporates into his or her private cost-benefit calculations the effects that this externality will have on third parties, the externality has been

Fiscal policy refers to a government's choices over its

A) expenditures, taxes, transfers, and borrowing. B) expenditures, taxes, issuance of money, and borrowing. C) expenditures, foreign affairs, issuance of money, and borrowing. D) issuance of money, taxes, environmental regulations, and foreign affairs.

Which measure of inflation best reflects changing prices for the average consumer?

A. Headline inflation B. Core inflation C. Hyper inflation D. Nominal inflation