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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.
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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