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Consider a macro model with demand-determined output.The equations are: C = 150 + 0.8Yd,Yd = Y-T,I = 400,G = 700,T = 0.2Y,X = 130,and IM = 0.14Y.Equilibrium national income in this model is
Postbox Rule
A legal principle that an offer is considered accepted once the acceptance is dispatched by the offeree, not when it is received by the offeror.
Elephant Garlic
A large, mild-flavored variety of garlic that resembles a bulb of leek rather than a true garlic.
Invitation to Treat
An invitation for parties to make an offer, which can then be accepted or rejected, not an offer itself.
Breach of Contract
The violation of any term or condition in a contract without lawful excuse.
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