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According to the AS/AD model, in the short run an increase in the federal funds rate will
Repudiation
In a contractual context, repudiation refers to one party's clear indication that they will not fulfill their contractual obligations, leading to a breach of contract.
10-Speed Touring Bicycle
A type of bicycle designed for long-distance riding, equipped with a gear system that has ten different speeds.
Constructed
Built or formed by putting together different parts or elements.
Contracted
Engaged in a formally agreed-upon arrangement, typically involving work or services in exchange for compensation.
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