The SRAS upward sloping shows an increase in P and G & S.

According to the table shown, what happened to the cost of living from 2013 to 2014? The cost of living:

A. increased; consumers became worse off than they would have been if the price level had not changed.
B. decreased; consumers became worse off than they would have been if the price level had not changed.
C. increased; consumers became better off than they would have been if the price level had not changed.
D. decreased; consumers became better off than they would have been if the price level had not changed.

Refer to the information provided in Figure 26.8 below to answer the question(s) that follow. Figure 26.8Refer to Figure 26.8. If the economy is at point A currently producing Y0 and the Z factors increase, the economy will move to Point ________ in the short run and to Point ________ in the long run.

A. B; C B. C; B C. D; E D. E; D