Max has allocated $100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If the price of burger increases, which of the following bundles are in Max's opportunity set?

If the aggregate price level ________, but nominal wages stay fixed, labor demand ________

A) falls; remains unchanged B) rises; falls C) rises; remains unchanged D) falls; falls

Describe the role of the President in the budgetary process prior to 1921 and the President's role in the budgetary process after 1921 . Explain why this change in process might have made sense

What will be an ideal response?