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Give an example of the type and scale of economic activity for a traditional economy.

What is likely to happen if a new aggregate demand curve moves to the right? prices and output would drop, and the equilibrium point will stay the same. prices would rise, and output would drop in the short run. prices and output would rise, and the equilibrium point will change. prices would rise, and output would drop in the long run.

Why do businesses rely more on teamwork in today’s business environment? a. teams need fewer instructions. b. teams facilitate learning. c. teams create a harmonious environment at the workplace. d. the team’s collective output is greater than the total of each individual’s output. e. teams require lesser supervision