An increase in the average tax rate that ________ the budget deficit in an example of ________

If 1-year interest rates for the next three years are expected to be 1, 1, and 1 percent, and the 3-year term premium is 1 percent, than the 3-year bond rate will be

A) 1 percent. B) 2 percent. C) 3 percent. D) 4 percent.

An appreciation in the U.S. dollar benefits which of the following groups of people?

a. All people living in the United States b. U.S. producers who export farm equipment to other countries c. U.S. consumers who buy imported automobiles d. Foreigners who wish to travel to the United States e. U.S. consumers who buy only goods made entirely in the United States