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From an initial equilibrium in the AD-AS model,an unexpected increase in money supply growth will cause inflation:
Hereditary Right
A claim to a title, position, or privilege that is passed down through family lines, traditionally based on birth order or lineage.
Thomas Paine
A political philosopher and writer who played a significant role in the American Revolution, best known for his works "Common Sense" and "The American Crisis."
Spanish Established
Refers to institutions, settlements, or cultural practices founded or brought to regions around the world by the Spanish during their explorations and conquests.
Declaration of Independence
A foundational document proclaimed on July 4, 1776, declaring the thirteen American colonies' independence from British rule.
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