In the Closing Years of His Presidency, Cárdenas

question 13

Multiple Choice

In the closing years of his presidency, Cárdenas

• A) increased the pace of land distribution.
• B) toughened his stance toward the capitalist class.
• C) groomed General Francisco Múgica to succeed him as president.
• D) displayed growing moderation in his social and economic policies.

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Definitions:

Autonomous Consumption

The part of consumption that does not change with income levels, representing basic necessities one must purchase regardless of income.

Long-Run Aggregate Supply Curve

A graphical representation showing an economy's potential output when all prices, including wages, can fully adjust to changes in the economic environment.

Business Taxes

Taxes that are required to be paid by businesses based on their income, property, and sometimes their sales.

Agricultural Output

The total quantity of agricultural products produced and harvested in a given period.