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In the ________, A.W.Phillips plotted data for Great Britain that revealed a relationship between rates of change in wages versus unemployment rates.Economists later discovered other "Phillips curve" relationships between rates of inflation versus unemployment rates.
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A body of law derived from judicial decisions of courts and similar tribunals, rather than from statutes or constitutions.
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Legislation that has been passed by the United States Congress and applies nationwide.
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A contract in which the terms of the agreement are explicitly stated verbally or in writing.
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a contract formed by the actions, behavior, or circumstances of the parties involved, rather than written or spoken words.
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