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Explain how the progressive tax system and unemployment benefits work as automatic stabilizers.
Presumptions
Assumed facts or principles that are taken as true until disproven, often used in legal contexts.
Intent
The determination or resolve to perform a particular act, often playing a significant role in determining the outcome of legal actions.
Statute of Frauds
A legal principle that requires certain types of contracts to be written and signed to be legally enforceable, such as contracts for the sale of real estate.
Conditional Sales Contract
A sales agreement that grants possession of an asset to the buyer, but with ownership conditions set by the seller until the purchase price is fully paid.
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