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If Congressional Policymakers Aim to Increase Aggregate Demand, They Will

question 114

Multiple Choice

If congressional policymakers aim to increase aggregate demand, they will likely enact:


Definitions:

Implied Warranties

Legal guarantees assumed in a transaction that the product will meet a minimum level of quality and functionality.

Fitness for a Particular Purpose

A warranty in commercial transactions that a product will meet the specific requirements of the buyer, as known by the seller at the time of sale.

Merchantability

A guarantee that a product will meet reasonable quality and performance expectations as implied in a sales contract.

Statute of Limitations

A law that sets the maximum time after an event within which legal proceedings may be initiated.

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