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Pest analysis, a framework for understanding different facets of the world in which a business operates, looks particularly at political, social, and technological factors.

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.

What should you adjust to make your hard hat fit properly