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Demonstrate graphically and explain with words how extrapolative expectations about falling real demand can lead to ever-shrinking aggregate demand and an upward sloping effective AD curve.
Steven Covey
An American educator, author, and businessman known for his book "The 7 Habits of Highly Effective People," which outlines a framework for personal effectiveness.
Third Alternative
A conflict resolution approach that seeks a solution beyond the initial positions of the parties involved, aiming for an outcome that satisfies all parties.
Bargaining Zone
refers to the range within which two parties in a negotiation are willing to compromise or agree on terms.
Added Value
The enhancement a company gives its product or service before offering it to customers, making it more appealing or superior.
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