Use the Following to Answer Question

question 17

Multiple Choice

Use the following to answer question:
-(Figure and Table: The Budget Line) Use Figure and Table: The Budget Line.An increase in income would:

• A)rotate the budget line,changing the intercept on the horizontal axis.
• B)shift the budget line to the left.
• C)rotate the budget line,changing the intercept on the vertical axis.
• D)shift the budget line to the right.

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Definitions:

Misery Index

An economic indicator that adds the unemployment rate to the inflation rate, purportedly to measure the health of an economy and the discomfort it may cause its citizens.

Rapidly

Describes something happening in a fast or quick manner.

Unemployment Rate

The concentration of individuals in the labor force who are jobless yet pursuing employment.

Employed

Refers to individuals who are currently working for pay or profit, including full-time, part-time, and temporary workers.