The Mundell-Tobin effect pertains to the increase in interest rates along with this process, and the Taylor rule claims that interest rate should be changed by a central bank alongside increases in this. The opportunity cost resulting from this phenomenon is called the shoe leather cost, and aggregate demand overcoming the 
The Mundell-Tobin effect pertains to the increase in interest rates along with this process, and the Taylor rule claims that interest rate should be changed by a central bank alongside increases in this. The opportunity cost resulting from this phenomenon is called the shoe leather cost, and aggregate demand overcoming the potential output of an economy leads to the demand-pull variety. It is calculated by comparing two years' Consumer Price Index. For 10 points, name this economic phenomenon that is defined as the rise in the price of goods over a period of time.
The Mundell-Tobin effect pertains to the increase in interest rates along with this process, and the Taylor rule claims that interest rate should be changed by a central bank alongside increases in this.
{inflation}