In the Graph Above, as the Consumer Moves from Indifference

question 2

Multiple Choice

In the graph above, as the consumer moves from indifference curve 1 to 3, his

• A)Real income is rising and his nominal income is constant
• B)Real income is falling, and his nominal income is rising
• C)Real income is falling and nominal income is constant
• D)Real and nominal income are falling, but he can buy more anyway

---

Definitions:

Seasons Of Life

A set of life phases that Levinson concluded adults progress through in which life structures are constructed, tested, and modified, based on experiences and opportunities.

Executive Function

Brain processes that enable an individual to plan, focus attention, remember instructions, and juggle multiple tasks successfully.

Prefrontal Cortex

The region of the brain located at the front of the frontal lobes, associated with decision making, problem solving, and complex cognitive behavior.

Context

Unique conditions in which a person develops, including aspects of the physical and social environment such as family, neighborhood, culture, and historical time period.