Examlex
When expansionary fiscal policy subsequently increases income and consumer spending,the subsequent increase in AD is called the _____ effect.
Standard of Care
The degree of care or competence that one is legally required to uphold, often used in determining negligence in professional and medical fields.
Reasonable Person
A hypothetical individual in society who exercises average care, skill, and judgment in conduct, used as a legal standard especially in negligence cases.
Damages
Damages refer to the financial compensation given by a court to an individual who has experienced loss or harm as a result of another's illegal action or inaction.
Actual Harm
Actual harm refers to real, concrete damage or injury that has occurred, as opposed to potential or theoretical harm.
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