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What is the characteristic of a radical chain initiation step?
Aggregate Demand
The total demand for all goods and services within a country's economy at a given overall price level and in a given time period.
Aggregate Supply
The total supply of goods and services that firms in an economy plan to sell during a specific time period at various price levels.
Keynesian Range
A segment of the Keynesian theory where demand-pull inflation is unlikely to occur due to high levels of unemployment and underused resources.
Intermediate Range
The range within which all intermediate goods, price levels, and outputs are determined by a mix of supply and demand.
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