The figure given below depicts long run equilibrium in an aggregate demand-aggregate supply model.Which of these could have caused the movement shown in this figure?
Definitions:
Conceptualization
The process of defining clear, detailed concepts and categories based on observed phenomena or derived from theories.
Insight Learning
Learning that occurs suddenly through understanding the relationships between various parts of a problem.
Trial And Error
A problem-solving method that involves attempting different solutions and eliminating those that fail to solve the problem until the correct one is found.
Latent Learning
Learning that occurs without any obvious reinforcement or immediate demonstration of understanding, becoming apparent only when it is needed.
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