Mary,a Prostitute,enters into a Contract with a Man to Provide

question 27

Multiple Choice

Mary,a prostitute,enters into a contract with a man to provide sexual services in return for an agreed-on amount of money.In this situation

• A)no remedy is available to Mary if the man does not pay her.
• B)no remedy is available to the man if he pays the money and Mary refuses to provide her services.
• C)the contract is illegal and therefore unenforceable.
• D)there is a contract between Mary and the man.
• E)all of the above

---

Definitions:

Aggregate Supply

The total supply of goods and services that firms in an economy plan to sell during a specific time period.

Expansionary Government Spending

Expansionary government spending involves increased public expenditures aimed at stimulating economic growth, typically during periods of economic downturn or recession.

Recessions

Phases of transitory economic regression that see a drop in business and industrial activities, typically identified by a GDP decrease across two back-to-back quarters.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, steep declines in industrial output, and severe deflation.