Examlex
What are the basic tenets of Keynesian theory that help explain the level of employment?
Legal Obligation
A duty enforced by law, requiring an individual or entity to conform to certain conduct or to refrain from certain actions.
Gratuitous Promise
A promise made without expecting anything in return, which is generally not enforceable in contract law unless it is made in a deed.
Existing Duty
An obligation that is currently in effect under the law or within the terms of a contract.
Consideration
In contract law, something of value promised to another when making an agreement, which is required for the contract to be enforceable.
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Q66: What are the economic costs of unemployment?