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-Refer to Exhibit 8-2.What word (rises or falls) should go in blank (3) and blank (4) ,respectively,to summarize the resulting impact on short run equilibrium of the given change in the economy?
Survival
The ability of a person, organization, or entity to continue to exist or operate despite facing obstacles or adversity.
Mistakes
Actions or judgments that are wrong or incorrect, often leading to undesirable outcomes, but can serve as valuable learning experiences.
Strategic Planning
A long-term vision and roadmap for an organization, laying out goals and actions to achieve competitive advantage and fulfill its mission.
Social Responsibility
The obligation of an organization's management towards the welfare and interests of the society in which it operates.
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