The rate of this phenomenon is given by Gordon's Triangle, and its effects are modeled by the "Shoe Leather Cost.
This phenomenon's effect on interest rates is named for Mundell and Tobin. The rate of this phenomenon is given by Gordon's Triangle, and its effects are modeled by the "Shoe Leather Cost." The rate at which it occurs is calculated by dividing the annual percentage change in the (*) Consumer Price Index by time. It can cause demand pull or cost push and is inversely related to unemployment by the Philips curve. For 10 points, name this economic phenomenon in which the price of goods rises over time and money becomes devalued.
This phenomenon's effect on interest rates is named for Mundell and Tobin.
inflation