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In a Demand- Pull Inflation, the AD Curve Shifts and the SAS

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In a demand- pull inflation, the AD curve shifts and the SAS curve shifts .


Definitions:

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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