The average difference over a long period of the interest rate on long-term bonds and the interest rate on the short-term federal funds rate is called

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 U.S. goods

An industry is expected to expand if firms in the industry are earning positive:

A. Normal profits B. Economic profits C. Accounting profits D. Total revenues