The figure below shows equilibrium in an aggregate demand-aggregate supply model. The shift from AS to AS' in this figure represents a(n) :
Definitions:
Statistical Process Control
A method used in manufacturing and business processes to control quality by monitoring and controlling the process through statistical analysis.
Statistical Analysis
The process of collecting, analyzing, interpreting, and presenting data to gain insights or support decision-making.
Zero Defects
A quality management concept that aims for the reduction of defects through prevention and aims at achieving perfect products in the production process.
Perfection
The condition of being free from flaws or defects, achieving the highest standard of excellence.
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