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In a demand- pull inflation, the AD curve shifts and the SAS curve shifts .
Probability Distribution
A mathematical function that calculates the likelihood of various possible results in an experiment.
Uniformly Distributed
A distribution where all outcomes are equally likely across the range of the distribution.
Random Variable
A variable whose possible values are outcomes of a statistical experiment and which can vary randomly.
Probability
The measure of the likelihood that an event will occur, expressed as a number between 0 (impossible) and 1 (certain).
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