Figure 33-12. -Refer to Figure 33-12.Explain How the Aggregate Demand and Aggregate

question 3

Essay

Figure 33-12.
-Refer to Figure 33-12.Explain how the aggregate demand and aggregate supply model changed during periods 1 and 2.

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Definitions:

Open-Source

Pertaining to software for which the source code is freely available for modification and distribution by anyone.

Push Model

A push model is a supply chain strategy where products are produced in anticipation of customer demand and pushed through the distribution channels to end consumers.

Make-To-Order

The strategy of producing customized products and services.

EDI

Electronic Data Interchange, a standardized method for transferring data between different computer systems or networks, especially used in business transactions.