Examlex
The long-run Phillips curve is located at the natural rate of unemployment.
Federal Government
The national government of a federation which has specific powers delegated to it by a constitution, distinct from state or provincial governments.
Stare Decisis
A legal principle that mandates courts to follow the rulings of previous cases in similar circumstances to ensure consistency.
Common Law
A body of unwritten laws based on legal precedents established by the courts, influencing the decision-making in similar cases.
Courts of Chancery
Courts that have jurisdiction over matters of equity, including trusts, land use, and the administration of estates, historically separate from courts of law.
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