If the consumption function is C = 90 + 0.75y, then the level of autonomous consumption is

The difference between a tariff and a quota is that the tariff revenue goes to the

A) domestic government. B) holder of the quota license. C) foreign government. D) domestic consumer. E) domestic producer.

As the economy nears the end of an expansion, which of the following do we typically see?

A) falling wages relative to output prices B) rising interest rates C) rising firm profits D) rising levels of firm investment