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The following figure shows two aggregate production functions.
-Refer to the figure above.Assume the economy is at point B of the aggregate production function 2 in 2010.It will move toward point A in 2012 if the ________.
Hierarchy
A system or organization in which people or groups are ranked one above the other according to status or authority.
Abraham Maslow
An American psychologist known for creating Maslow's hierarchy of needs, a theory in psychology that prioritizes the most fundamental human needs at the base of the pyramid, advancing to higher-level needs.
Conflicts
Disagreements or clashes between opposing parties, ideas, or interests, which can occur in various contexts such as personal, social, or professional.
Extrinsic Motivation
Involves performing an action or behavior in order to receive external rewards or avoid punishments.
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