Examlex
The intersection of the economy's aggregate demand and long-run aggregate supply curves
I. determines its equilibrium real GDP in both the long run and the short run.
II. determines its equilibrium price level in both the long run and the short run.
III. occurs at the economy's potential output.
Probable Cause
A reasonable basis for believing that a crime may have been committed, which is a required standard for arrests, search warrants, and other legal actions.
Plea Bargaining
A legal process in which the defendant and prosecutor negotiate a compromise, often involving the defendant pleading guilty to a lesser charge in exchange for a reduced sentence.
Federal Prosecutor
A government attorney who represents the United States in prosecuting criminal cases in federal court.
Criminal Trial
A legal process where a case is presented in a court of law to determine the guilt or innocence of a person accused of a crime.
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