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According to the Friedman-Phelps analysis, in the long run actual inflation equals expected inflation and unemployment is at its natural rate.
Close Corporation Shareholders
Individuals or entities that hold shares in a closely held corporation, typically characterized by a small number of shareholders and restricted share transferability.
Uniform Commercial Code
An extensive collection of regulations designed to oversee every commercial deal within the United States, aiming to make the law uniform and less complicated.
Issuance of Stocks
The process by which a company makes its shares available for sale to investors, thereby raising capital.
Article 8
A specific provision or section within a broader legal document or statute, the context of which can vary greatly depending on the document.
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