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Explain what is meant by money neutrality. Use an example of expansionary monetary policy, both in the short run and the long run.
Anticipatory Breach
A declaration or act by one party to a contract that they do not intend to fulfill their future obligations, allowing the other party to take legal action before the breach occurs.
Implied Condition
An implied condition refers to a term not explicitly stated in a contract but considered to be included and necessary for the fulfillment of the contract's purpose.
Express Condition
A condition specifically and explicitly stated in a contract and usually preceded by words such as conditioned on, if, provided that, or when.
Equitable Relief
A type of legal remedy, including injunctions or specific performance, that requires a party to act or refrain from acting, rather than to pay damages.
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