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Refer to the graph above, which shows the supply and demand for British pounds. D1 and S1 represent the initial demand and supply curves. What will be the new equilibrium point as indicated in the graph if there is an increase in consumer spending by the British for American products and a decrease in consumer spending by Americans for British products?
Social Security
A government program that provides financial assistance to people with an inadequate or no income, primarily the elderly, disabled, and families with dependent children.
New Deal Coalition
An alliance of diverse voter groups in the United States that supported the Democratic Party because of Franklin D. Roosevelt's New Deal policies in the 1930s and 1940s.
Vietnam War
A prolonged conflict (1955-1975) between Communist forces in North Vietnam and the government of South Vietnam, heavily involving the United States and other allies.
Civil Rights
Civil rights are the rights of citizens to political and social freedom and equality.
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