Producer surplus is the difference between what the producer receives for a good or service and what the producer is willing to receive

Suppose that the nominal rate of interest is holding steady at 8 percent even as the anticipated rate of inflation rises. What is happening to the real rate of interest?

A) It is unchanged. B) It is increasing. C) It is decreasing. D) It equals the nominal interest rate.

Goods that cannot be consumed without excluding other consumers are

A) public goods. B) free. C) are not scarce. D) all of these choices.