Which of the following is likely to happen if consumption in an economy falls?

According to this Application, economist Daron Acemoglu categorizes which of the following as participatory institutions?

A) democracies, monarchies, and dictatorships B) constitutionally limited monarchies and democracies C) tightly controlled oligarchies, democracies, and constitutionally limited monarchies D) monarchies, dictatorships, and tightly controlled oligarchies

A consumer will consume the combination of goods at the crossing point of a budget line and indifference curve

a. True b. False Indicate whether the statement is true or false