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Use the following to answer question:
Figure: A Changing Budget Constraint for Strawberries and Shortcake Use the following to answer question: Figure: A Changing Budget Constraint for Strawberries and Shortcake   -(Figure: A Changing Budget Constraint for Strawberries and Shortcake)  Look at the figure A Changing Budget Constraint for Strawberries and Shortcake. Seb's original budget line is given by BL<sub>1</sub> and his original indifference curve is given by I<sub>1</sub>. Which of the following would have caused his budget line to move to BL<sub>2</sub>? A)  The price of strawberries increased. B)  The price of shortcake increased. C)  Seb's income decreased. D)  The price of strawberries decreased.
-(Figure: A Changing Budget Constraint for Strawberries and Shortcake) Look at the figure A Changing Budget Constraint for Strawberries and Shortcake. Seb's original budget line is given by BL1 and his original indifference curve is given by I1. Which of the following would have caused his budget line to move to BL2?


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Hand Loom

A manual weaving device operated by hand that is used to create woven fabrics or tapestry.

Federal Reserve

The central banking system of the United States, responsible for monetary policy.

Key Interest Rate

The primary interest rate set by the central bank that is used as the main benchmark for lending rates in the economy and influences overall monetary policy.

Money Supply

The entire gamut of monetary assets within an economy at a designated instance.

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