Which of the following would shift a budget line to the left?

A decrease in income or a decrease in prices
A decrease in income or an increase in prices
An increase in income or a decrease in prices
An increase in income or a increase in prices


Unemployment and underemployment can:

not be illustrated by use of a production-possibilities frontier.
both be illustrated by a point on a production-possibilities frontier.
both be illustrated by a point inside a production-possibilities frontier.
both be illustrated by a point outside a production-possibilities frontier.
be illustrated by a shift of the production-possibilities frontier inward (to the left).


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