The deadweight loss from a monopoly loss measures the inefficiency created by monopoly

Suppose, compared to last year, the price of beer has increased 4%, the price of jeans has increased 7%, and the price of video rentals has decreased 1%

On the basis of this data, what can an economist conclude about the rate of inflation in the overall economy? A) Nothing. B) The inflation rate is 4%. C) The inflation rate is 7%. D) The inflation rate is 10%. E) The inflation rate is 11%.

Government purchases in national income accounts would include expenditures for payments of:

a. Salaries for current U.S. military officers b. Public assistance for welfare recipients c. Social Security checks to retirees d. Public assistance for military veterans