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Which is NOT an automatic stabilizer?
Common Law
A body of unwritten laws based on legal precedents established by the courts, as opposed to statutes or regulations enacted by legislative bodies.
Offeror
The person or entity who makes a proposal or offer in a contract negotiation.
Offeree
The party to whom an offer is made in a contract situation.
Express Contracts
Agreements formed by explicit written or spoken language, precisely stating the terms and conditions of the contract.
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