The Equilibrium Quantity of a Good Will Increase and Its

question 132

Multiple Choice

The equilibrium quantity of a good will increase and its equilibrium price might rise, fall, or stay the same when

• A) its demand decreases and supply increases.
• B) its demand and supply both increase.
• C) its demand and supply both decrease.
• D) its demand increases and supply decreases.

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Definitions:

Truman Doctrine

A U.S. foreign policy established in 1947 that aimed to contain the spread of communism through economic and military aid to countries resisting Soviet influence.

Taft-Harley Act

Also known as the Labor Management Relations Act of 1947, this law restricted the power and activities of labor unions in the United States.

Decolonization

The process by which African and Asian colonies of European empires became independent in the years following World War II.

Operation Dixie

A post-World War II campaign initiated by the Congress of Industrial Organizations (CIO) aimed at unionizing textile workers and other laborers in the southern United States.