Figure 4.5 illustrates a set of supply and demand curves for ...

[biggirl4568]

Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and an increase in demand are represented by a movement from
 
  A) point c to point a. B) point d to point a. C) point d to point b. D) point b to point c.

Question 2

If potential output exceeds actual output, ________ shifts downward over time.
 
  A) the short-run AD curve B) the long-run AD curve
  C) the long-run AS curve D) the short-run AS curve

[steff9894]

Answer to Question 1

C

Answer to Question 2

D