International macroeconomic policy coordination would give countries the opportunity to avoid beggar-thy-neighbor policies.

The above figure shows a labor market with minimum wage equal to $16. In this figure, what area equals the deadweight loss?

A) area A B) area B C) area C D) area D E) area E

In practice, the three measurements of inflation, the CPI, PPI, and GDP deflator:

A. all measure inflation, but focus on different parts of the economy. B. are all positively correlated. C. all closely track each other. D. All of these statements are true.