Represented by π in the Fischer equation, this quantity is subtracted from (*) nominal interest rates to find real interest rates.
This phenomenon's namesake "gap" occurs when the government spends more than that of the difference between production and consumption. The triangle model states that "Built-in" is one of three ways that this phenomenon can occur. Represented by π in the Fischer equation, this quantity is subtracted from (*) nominal interest rates to find real interest rates. It has an inverse relationship with unemployment in the Phillip's curve and its rate is measured with the CPI, and other types of this phenomenon include "Demand-pull" and "Cost-push." For 10 points, name this economical phenomenon in which the prices for goods gradually increase.
This phenomenon's namesake "gap" occurs when the government spends more than that of the difference between production and consumption.
{Inflation} [also accept {inflation} rate]