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In the open-economy macroeconomic model,a decrease in the domestic interest rate shifts
Contract Elements
The essential components required for a legally binding contract, including offer, acceptance, consideration, and mutual consent.
Bilateral Contract
An agreement containing mutual promises, in which each party commits to performing acts or refraining from actions.
Express Contract
A type of contract where the terms are explicitly stated and agreed upon by the parties, either orally or in writing.
Cross-licensing
Cross-licensing is an agreement between two or more parties where each party grants rights to their intellectual property or technology to the other parties involved.
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