When (If at All) Are Budget Deficits Inflationary

question 24

Multiple Choice

When (if at all) are budget deficits inflationary?

• A)when AS is perfectly horizontal 
• B)when AS has a very steep slope 
• C)when AS has a downward slope 
• D)when AS intersects AD

Describe the consequences of changes in law on existing contracts.

Recognize the characteristics of severable contracts and their interpretation under contract law.

Understand exculpatory clauses and their limitations within contractual agreements.

Explain the concept of substantive and procedural unconscionability and its relevance to contract fairness.