Some of the factors that can shift the short-run aggregate supply curve can also cause a shift in the long-run aggregate supply curve

Assume that the U.S. interest rate is 5%, the European interest rate is 2%, and the future expected exchange rate in one year is $1.224. If the spot rate is $1.16, then the expected dollar return on euro deposits is:

a. 7.52% b. 5% c. 3% d. 2%

The difference between a firm's total revenues and total costs when all explicit and implicit costs are included is the firm's:

a. economic profit. b. accounting profit. c. opportunity cost of capital. d. long-run average total cost.