How does punctuated equilibrium differ from gradual evolution in interpreting the fossil record?

Punctuated equilibrium describes constant change over time, whereas gradual evolution involves rapid shifts.

Punctuated equilibrium involves no change, whereas gradual evolution involves constant rapid changes.

Punctuated equilibrium describes rapid changes followed by stasis, whereas gradual evolution involves slow and constant change.

Punctuated equilibrium involves slow changes, whereas gradual evolution involves fast changes.