Examlex
Suppose that the unemployment rate is ________ the natural rate. We would expect prices to fall, money demand to fall, interest rates to fall, and total demand to ________.
Commercial Impracticability
A doctrine in contract law allowing parties to be released from their obligations due to unforeseen events that make execution of the contract excessively burdensome.
Frustration of Purpose
A doctrine in contract law that excuses performance of a contract when an unforeseen event undermines the contract's original reason for existence.
Liquidated Damages Clause
A contractual provision that specifies the amount of damages to be paid if a party breaches the agreement.
Earthquake
An earthquake is a natural phenomenon characterized by a sudden and violent shaking of the ground, often resulting from the movement of the Earth's tectonic plates.
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