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Unformatted text preview: Y N Real, natural income y Actual real GDP growth rate y N Natural real GDP growth rate Frequently used Superscripts e Expected, as in expected rate of inflation (p e ) d Demand, as in demand for real balances (M/P) d f Foreign, as in foreign interest rate (r f ) N Natural, as in natural rate of unemployment (U N ), [sustainable long term with no pressure either to increase or to decrease the rate of inflation] s Supply, as in the nominal money supply (M s ) * Desired, as in desired capital stock (K*) Frequently used subscripts Initial situation prior to a change 1 New situation after a change p Planned, as in planned expenditures (E p )...
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- Spring '11