Populism, as the residue of the properly political, is the ultimate symptom of the post-political condition. Firstly, the post-political consensus itself tends towards populist gestures as a substitute for the properly political.
Comment(0) Step 3 of 3 The business cycle affects output and employment in capital goods industries and consumer durable goods industries more severely than in industries producing consumer nondurables because the spending on the former goods could be postponed but it is difficult to cut back on the latter.
A Change in Income. 1  The effect of a change in income on consumption is called the income effect. 2  When income increases, the budget line shifts out. 3  This allows the individual to consume more of both goods.  The demand curve shifts.