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For the following questions,use the diagram below:
Figure 34-7.
-Refer to Figure 34-7.The aggregate-demand curve could shift from AD1 to AD2 as a result of
New Public Management
An approach towards public administration that emphasizes efficiency, decentralization, and the adoption of private sector management practices within the public sector.
Free Market Ideas
Economic principles that advocate for minimal government intervention in the marketplace, allowing the forces of supply and demand to determine prices and production.
Private-Sector Management
Management practices and principles used in private businesses, focusing on efficiency, profitability, and market competition.
Mainstream Economics
Refers to the body of knowledge, theories, and models in economics that are widely accepted and taught across prominent universities and colleges.
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