The figure given below shows the interest rate on the vertical axis and the quantity of money on the horizontal axis. In this figure, an increase in the level of real GDP will cause a movement from:
Definitions:
Minstrel Shows
A form of entertainment in the 19th and early 20th centuries in America that stereotypically depicted African Americans through blackface performances.
Forty Acres and a Mule
A promise made during the Civil War to freed slaves, representing a plan for reparations by granting them land to ensure their independence and viability after emancipation, which was largely unfulfilled.
William Sherman
A Union general during the American Civil War famed for his March to the Sea, significantly impacting the southern Confederate states.
Jim Crow Laws
A set of state and local laws in the United States enacted between the late 19th and early 20th centuries that legalized racial segregation and discrimination against African Americans.
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