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Figure: Shifts in Demand and Supply II
-(Figure: Shifts in Demand and Supply II) Look at the figure Shifts in Demand and Supply II. The graph shows how supply and demand might shift in response to specific events. Suppose a drought destroys one-third of the nation's peanut crop. Which panel BEST describes how this will affect the market for peanuts?
Joseph McCarthy
A U.S. Senator known for his anti-Communist activities in the early 1950s, leading to a period of heightened fears and political repression known as McCarthyism.
Anticommunist Crusade
Political and social movements, especially during the Cold War, aimed at combatting and eradicating communist ideologies and influences.
Federal Government
The national government of the United States, which is responsible for areas like defense, foreign policy, and interstate commerce, distinct from state or local governments.
Loyalty Review System
A system implemented, especially during the Cold War in the United States, to assess the loyalty of government employees and others to the country.
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