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Phil comes to work late, routinely misses meetings, and always uses the office copier for personal business. Phil is engaged in ____.
Small-Firm Stocks
Equity shares of smaller companies that are often characterized by higher growth potential and higher risk compared to large-cap stocks.
Real Growth
Economic growth adjusted for inflation, reflecting the true increase in value of goods and services produced by an economy.
Nominal Return
The amount of profit or loss generated by an investment without adjusting for inflation or other factors.
Inflation
The pace at which the overall price level of goods and services increases, leading to a decrease in buying power.
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