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-In the above figure AD1 and AS1 represent the original aggregate supply and demand curves and AD2 and AS2 show the new aggregate demand and supply curves.At the original equilibrium price and quantity,this economy is experiencing:
Concurrent Control
A management method that involves monitoring and adjusting ongoing activities and processes to meet desired standards in real-time.
TQM Principle
Total Quality Management principles focus on long-term success through customer satisfaction, involving all members of an organization in improving processes, products, and services.
Do it Right
A principle emphasizing the importance of performing tasks correctly and efficiently to achieve desired outcomes.
Continuous Improvement
Continuous improvement is an ongoing effort to enhance products, services, or processes, often involving incremental and breakthrough improvements.
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