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In the Summer of 1953, the Korean War Ended and Government

Question 59

Multiple Choice

In the summer of 1953, the Korean War ended and government expenditures decreased. In terms of the AS/AD model, this change should have:

A) shifted the AD curve to the left.
B) shifted the AD curve to the right.
C) made the AD curve flatter.
D) made the AD curve steeper.

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