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According to the Neoclassical growth model,it is most likely that GDP would increase,but that average material living standards would fall,as a result of
Commercial Transactions
Business activities or endeavors that involve the exchange of goods, services, or funds between two or more parties.
Implied-In-Fact Contract
A contract formed by the actions or conduct of the parties involved, rather than written or spoken words.
Express
Clearly and explicitly stated or communicated, leaving no room for doubt or ambiguity.
Acts of Parties
Actions or conduct by individuals that have legal significance or implications.
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