When the exchange rate for a currency rises so that the currency trades for more of other currencies, it is said to be depreciating

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.

Since 1960, the only period of several years when the full-employment government budget deficit was negative (that is, there was a full-employment surplus) was

A) from 2000 to 2005. B) the late 1990s and early 2000s. C) the mid-1980s. D) the early 1970s.