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In macroeconomics, the triangle model employed by new Keynesian economics is a model of inflation derived from the Phillips Curve and given its name by Robert J. Gordon. The model views inflation as having three root causes: built-in inflation , demand-pull inflation , and cost-push inflation . [ 1 ]
While one version of the impossible trinity is focused on the extreme case – with a perfectly fixed exchange rate and a perfectly open capital account, a country has absolutely no autonomous monetary policy – the real world has thrown up repeated examples where the capital controls are loosened, resulting in greater exchange rate rigidity ...
A macroeconomic model is an analytical tool designed to describe the operation of the problems of economy of a country or a region. These models are usually designed to examine the comparative statics and dynamics of aggregate quantities such as the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the level of prices.
A right triangle ABC with its right angle at C, hypotenuse c, and legs a and b,. A right triangle or right-angled triangle, sometimes called an orthogonal triangle or rectangular triangle, is a triangle in which two sides are perpendicular, forming a right angle (1 ⁄ 4 turn or 90 degrees).
An example of real GDP (y) plotted against time (x).Often time is denoted as t instead of x. The IS curve moves to the right if spending plans at any potential interest rate go up, causing the new equilibrium to have higher interest rates (i) and expansion in the "real" economy (real GDP, or Y).
In Robert J. Gordon's triangle model of inflation, the current inflation rate equals the sum of demand-pull inflation, cost-push inflation, and built-in inflation. "Demand-pull inflation" refers to the effects of falling unemployment rates (rising real gross domestic product ) in the Phillips curve model, while the other two factors lead to ...
Trigonometry (from Ancient Greek τρίγωνον (trígōnon) 'triangle' and μέτρον (métron) 'measure') [1] is a branch of mathematics concerned with relationships between angles and side lengths of triangles. In particular, the trigonometric functions relate the angles of a right triangle with ratios of its side lengths.
Every acute triangle has three inscribed squares (squares in its interior such that all four of a square's vertices lie on a side of the triangle, so two of them lie on the same side and hence one side of the square coincides with part of a side of the triangle). In a right triangle two of the squares coincide and have a vertex at the triangle ...
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