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The economy is in short-run equilibrium when
Assignment
An assignment involves the transfer of rights or property from one party to another, typically related to contracts, but also applicable in other legal contexts.
Third-Party Beneficiary
An individual or group that stands to benefit from a contract made between two other parties, even though they are not a direct party to the contract.
Personal Skill
Individual abilities or talents that contribute to performing tasks or jobs effectively, often developed through experience and training.
Contract
A legally binding agreement between two or more parties that is enforceable by law.
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