Question: How would you graph the following problems: (1) sketch two graphs that show economic GROWTH within the Macroeconomy: one should be a PPF; the other

How would you graph the following problems:

(1) sketch two graphs that show economic GROWTH within the Macroeconomy: one should be a PPF; the other should show growth/movement of the LRAS

(2) Graph a market in which milk is selling at an equilibrium price of $3 per gallon and that at this price an equilibrium quantity of 200 gallons are being sold. Indicate the equilibrium price and quantity on your graph. THEN, sketch the effects of the government legally requiring that the price of milk be NO HIGHER than $2 per gallon. Indicate if this is a price ceiling or price floor on your graph.

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