Under the UCC,how May an Acceptance Be Made

question 14

Multiple Choice

Under the UCC,how may an acceptance be made?

• A)Only by electronic communication or by a writing.
• B)By any reasonable means of communication.
• C)Only orally or by a writing.
• D)Only by facsimile or by mail.
• E)Only by a writing.

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Definitions:

Multiplier

In economics, a factor that quantifies the impact of an initial change in spending, income, or investment on the broader economy, amplifying the initial effect.

Inflationary Gap

A macroeconomic term referring to the situation where the demand for goods exceeds the supply, leading to increased prices or inflation.

Inflationary Gap

A situation where aggregate demand in an economy exceeds aggregate supply at the full employment level, leading to inflation.

Equilibrium GDP

The level of real GDP at which the total quantity of goods and services produced equals the total quantity of goods and services purchased.