Multiple Choice
Inflation reduction has the lowest cost when the efforts are
A) credible so that the sacrifice ratio is low.
B) credible so that the sacrifice ratio is high.
C) unexpected so that the sacrifice ratio is high.
D) unexpected so that the sacrifice ratio is low.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Which of the following things can a
Q16: Some economists believe that there are positives
Q17: If inflation falls,<br>A)people choose to put in
Q18: When wages are set by contract,inflation<br>A)reduces real
Q20: Which costs of inflation could the government
Q21: If inflation were high in some country
Q22: A permanent reduction in inflation would<br>A)permanently reduce
Q24: Higher inflation results in<br>A)more frequent price changes
Q33: When wages are fixed by contract, inflation
Q102: Some economists argue that since inflation<br>A)raises the