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(Figure: Demand Shock I) The movement shown in the figure will only reduce the unemployment rate if:
Cold War
A period of political and military tension after World War II between powers in the Western Bloc (led by the United States) and powers in the Eastern Bloc (led by the Soviet Union), without direct large-scale fighting.
World War II
A global conflict lasting from 1939 to 1945, involving most of the world's nations, and resulting in significant geopolitical changes.
Constitutional Treaty Power
Constitutional Treaty Power refers to the authority granted to the President of the United States to make treaties with foreign nations, subject to the approval of the Senate.
Senate
One of the two houses of the United States Congress, comprising two senators from each state, serving staggered six-year terms.
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