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Explain the effect on output and price level from an increase in the short-run aggregate-supply curve.
Indochina
A region in Southeast Asia, comprising the countries of Vietnam, Laos, and Cambodia, notable for its colonial history under French rule and subsequent conflicts.
Palestine
Palestine traditionally refers to a region in the Eastern Mediterranean, historically significant and now comprising parts of modern Israel and the Palestinian territories.
Second-rate Power
A term used to describe a country or entity that lacks the dominant influence, military strength, or economic capacity of leading world powers.
James G. Blaine
A prominent American politician and statesman in the late 19th century, serving as a U.S. Senator, Speaker of the House, and Secretary of State.
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