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Explain how the aggregate demand curve is derived.
Standard Time
A set duration established for performing a specific task, used for planning and efficiency purposes.
Task Time
The duration required to complete a specific task or activity within a project or operational process.
Constant Allowances
Fixed time values added to the normal time required for a task, accounting for delays or non-work related activities.
Performance Rating
An evaluation of an individual's or machine's work output against a set standard.
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