Examlex
Which of the following is NOT an event that causes BOTH the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve to shift?
Benefits to Costs
Refers to evaluating the advantages and disadvantages or gains and expenses associated with a decision, project, or purchase.
Needs and Wants
Fundamental human requirements and desires that drive consumption behavior, where needs are essential for survival and wants are additional desires.
Product Improvement
The process of making meaningful changes to a product to increase its usability, functionality or performance.
Production-oriented
describes an approach focused on the efficiency of producing goods, often at the expense of customer needs and preferences.
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