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Unfortunately,Edgar's grandmother just passed away.His beliefs line up with those of the ancient Greek philosophers,Socrates and Plato,and this gives him some comfort because
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.
Classical Range
In economics, the range in which output and employment grow at their natural rate, and prices are stable.
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