Place point Q on the graph to indicate an unemployment rate of 100 percent, point R to indicate full employment and point S to indicate where the United States economy usually operates.

The difference between the nominal rate of interest and the real rate of interest is

A) handling charges. B) government regulatory charges. C) administrative overhead charges. D) the anticipated rate of inflation.

Equilibrium GDP in excess of potential GDP eventually will cause the aggregate

A. demand curve to shift outward. B. supply curve to shift outward. C. supply curve to shift inward. D. demand curve to become flatter.