curve.
-The figure illustrates aggregate demand and aggregate supply in Sparta. Which of the following events will decrease Spartaʹs real GDP in the short run?
Definitions:
Revolutionary War
The conflict (1775-1783) between the thirteen American colonies and Great Britain, leading to the independence of the United States.
Louisiana Purchase
The acquisition of the territory of Louisiana by the United States from France in 1803, doubling the size of the U.S. and opening the west for expansion.
Virginia Plan
A proposal at the Constitutional Convention (1787) that called for a national government with three branches and a two-chamber legislature with representation based on state population.
Bill of Rights
The first ten amendments to the United States Constitution, guaranteeing such rights as the freedoms of speech, assembly, and worship.
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