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The new classical explanation of aggregate supply is also known as
Organizational Change
The process through which a company or institution changes its structure, strategies, operational methods, or culture to effect change within the organization and respond to internal and external pressures.
Reactive Change
Change that occurs in response to external pressures or unforeseen situations, as opposed to being planned in advance.
Planned Change
The deliberate effort to alter an organization or process in a controlled and structured manner.
Transformational Change
Refers to a comprehensive, radical shift in the operations, culture, or structure of an organization, aiming for improvements and adaptation to new market conditions or technological advances.
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