By the end of the 1960s, fiscal activism was falling out of favor due to its long ________ lag and, as predicted by the permanent-income hypothesis, the ________ of the 1968 tax surcharge

The above table gives real GDP and the aggregate expenditure schedule. Equilibrium real GDP is

A) $11 billion. B) $12 billion. C) $10 billion. D) $14 billion. E) $13 billion.

If the price of milk was $1.25 a gallon and it is now $2.25 a gallon, what is the percentage change in price?

A) 4.4 percent B) 8 percent C) 44 percent D) 80 percent