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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 ]
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.
An example of which was the consequential devaluation of the peso, [which?] that was pegged to the US dollar at 0.08, eventually depreciating by 46%. [ citation needed ] This in turn implies that the country implementing the peg has no ability to set its nominal interest rate independently, and hence no independent monetary policy.
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).
In this example of a traditional IS–LM chart, the IS curve moves to the right, causing higher interest rates (i) and expansion in the "real" economy (real GDP, or Y). The IS–LM model, invented by John Hicks in 1936, gives the underpinnings of aggregate demand (itself discussed below).
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 ...
The straight lines which form right angles are called perpendicular. [8] Euclid uses right angles in definitions 11 and 12 to define acute angles (those smaller than a right angle) and obtuse angles (those greater than a right angle). [9] Two angles are called complementary if their sum is a right angle. [10]
A right triangle with the hypotenuse c. In a right triangle, the hypotenuse is the side that is opposite the right angle, while the other two sides are called the catheti or legs. [7] The length of the hypotenuse can be calculated using the square root function implied by the Pythagorean theorem.