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One drawback with increased communication during the change process is that it also increases the level and sources of resistance.
Long-Run Aggregate Supply
Represents the total production of goods and services in an economy at full employment, without any market frictions.
Aggregate Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price level in an economy.
Aggregate Demand Curve
A graph showing the relationship between the total quantity of goods and services demanded across all sectors of an economy and the price level, all else being equal.
Long-Run Aggregate Supply Curve
A graphical representation that shows the relationship between the overall price level and the quantity of goods and services produced by an economy when all resources are fully employed.
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