A deadweight loss occurs when the market is functioning ...

[formula1]

A deadweight loss occurs when the market is functioning efficiently.
 
  Indicate whether the statement is true or false

Question 2

The expected inflation rate is the
 
  A) same as the actual inflation rate.
  B) inter-annual, non-energy inflation rate.
  C) inflation rate that people forecast and use to set the money wage and other money prices.
  D) rate that people expect the Bureau of Labor Statistics to announce each month, on which bookies take bets.
  E) inflation rate that the Federal Reserve system announces as the policy goal for the year.

[shayla]

Answer to Question 1

FALSE

Answer to Question 2

C

[formula1]

Thank you

[shayla]

No problemo