Nominal interest rates are said to lag behind this in the Mundell-Tobin effect. The built-in form of this effect is the base of the "triangle model" of it. This phenomenon can be due to a decrease in aggregate supply or an increase in aggregate demand. Milton Friedman argued that this concept was no
Nominal interest rates are said to lag behind this in the Mundell-Tobin effect. The built-in form of this effect is the base of the "triangle model" of it. This phenomenon can be due to a decrease in aggregate supply or an increase in aggregate demand. Milton Friedman argued that this concept was not linked inversely with unemployment, and in the 1970s, a high rate of this was linked with stagnation, discrediting the Phillips curve. The hyper- form of this phenomenon plagued Weimar Germany, and this effect can be "cost-push" or "demand-pull". Measured by the Consumer Price Index, for 10 points, name this phenomenon in which a unit of currency is worth less over time.
Nominal interest rates are said to lag behind this in the Mundell-Tobin effect.
inflation