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An electrolytic cell is a spontaneous redox reaction.
Cost-Of-Living Adjustment
An increase in income or benefits to compensate for a rise in the prices of goods and services, maintaining the purchasing power.
Employment Contract
A formal agreement between an employer and an employee outlining the terms of employment, including responsibilities, compensation, and duration.
Loanable Funds
The money available in the financial system for lending to individuals, businesses, and the government.
Equilibrium Interest Rate
The interest rate at which the demand for funds equals the supply of funds in the market, bringing the financial market into balance.
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