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Internal new ventures can generally be executed far more quickly than acquisitions.
Long-Run Aggregate Supply Curve
A graphical representation showing the relationship between the overall price level and the total output produced by an economy when all factors of production are variable.
Sticky Price Theory
An economic theory suggesting that prices of goods do not adjust immediately to changes in supply and demand, leading to disequilibrium in the market.
Sticky Wage Theory
The hypothesis that wages do not adjust quickly to changes in economic conditions, leading to unemployment and other inefficiencies.
Price Level
A measure of the average prices of goods and services in an economy at a given time, often monitored to understand inflation and the cost of living.
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