When the wealth effect is smaller than the substitution effect, the stock price negatively correlated with inflation.

当财富效应小于替代效应时，股价与通货膨胀负相关。

youdao

When the wealth effect is smaller than the substitution effect, the stock price negatively correlated with inflation.

当财富效应小于替代效应时，股价与通货膨胀负相关。

youdao