An Increase in a Consumer's Budget

question 180

Multiple Choice

An increase in a consumer's budget

• A) changes the relative prices of the goods.
• B) changes the slope of the budget line.
• C) decreases consumption possibilities.
• D) increases consumption possibilities.
• E) has no effect on the consumer's budget line.

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Definitions:

American Political System

The governance framework in the U.S. characterized by democracy, federalism, and a constitutional division of powers among the executive, legislative, and judicial branches.

Eugene V. Debs

An American socialist, political activist, and trade unionist, one of the founding members of the Industrial Workers of the World, and five times the candidate of the Socialist Party of America for President of the United States.

Jacob Coxey

An American political activist who led Coxey's Army, a protest march to Washington, D.C., in 1894, advocating for the creation of jobs during an economic depression.

William Jennings Bryan

A prominent American orator and politician from the late 19th and early 20th centuries, known for his advocacy for Populism and free silver, and for being a three-time Democratic presidential candidate.