The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10 and Jane's budget is $88. What is Jane's total utility when she maximizes her utility?

What is the current equilibrium price level and real GDP for the economy illustrated in the figure above? Does this economy have an inflationary gap, a recessionary gap, or neither? As it adjusts toward full employment, which curve shifts?

What is the equilibrium real GDP and price level that the economy will ultimately reach?

In the above figure, if household consumption is positively related to household income, then an increase in household income will

A) shift the line rightward. B) shift the line leftward. C) make the line positively sloped. D) cause a movement along the line.