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Identify and Give the Historical Significance of Each of the Following

question 78

Essay

Identify and give the historical significance of each of the following terms, events, and people in a paragraph or two.
-Discuss the changes in the American economy during the postwar period. Be sure to discuss the agricultural, industrial, and consumer sectors of the economy.


Definitions:

Price

The sum of money anticipated, needed, or handed over in exchange for an item.

Market Demand Curve

A graphical representation that shows the quantity of a good or service that all consumers in a market are willing and able to purchase at different prices.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price, within a specific time period.

Price

The financial quantity seen as necessary, expected, or provided in return for something.

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