Triangle model: Difference between revisions

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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. Unlike the earliest theories of the Phillips Curve, the triangle model attempts to account for the phenomenon of [[stagflation]].
 
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[[Category:Economics models]]
 
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