Refer to the Graph Below

question 132

Multiple Choice

Refer to the graph below.The movement from point 1 to point 2 is stimulated by a disequilibrium in which there is domestic ________ and ________.

• A)overemployment;trade surplus
• B)unemployment;trade surplus
• C)overemployment;trade deficit
• D)unemployment;trade deficit
• E)inflation;unemployment

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Definitions:

Phyllis Schlafly

A conservative American activist known for her opposition to the women's liberation movement and her successful campaign against the ratification of the Equal Rights Amendment.

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A landmark 1973 Supreme Court case in the United States that legalized abortion nationwide, establishing a woman's legal right to an abortion.

Federal Funding

Financial support provided by the federal government to states, organizations, or individuals for specific projects or purposes.

Reaganomics

Popular name for President Ronald Reagan’s philosophy of “supply side” economics, which combined tax cuts with an unregulated marketplace.