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In the dynamic aggregate demand and aggregate supply model, the rate of inflation will increase if:
Omitted Terms
Provisions or clauses not included or specified in a legal document or contract, which can sometimes be interpreted or filled in based on customary practice or judicial discretion.
Firm Offer Rule
A legal principle stating that a merchant’s offer to buy or sell goods, assuring that the offer will remain open for a certain period, is binding and cannot be revoked.
Merchant Offeror
A seller or provider of goods or services considered legally as a "merchant," often involved in making offers in the course of business.
Writing
The act or process of composing text or documenting information in a durable medium.
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