Multiple Choice
If a central bank reduced inflation by 2 percentage points and that made output fall by 1 percentage points for 2 years and the unemployment rate rise from 3 percent to 5 percent for 2 years,the sacrifice ratio is
A) 1/2.
B) 1.
C) 2.
D) 4.
Correct Answer:
Verified
Correct Answer:
Verified
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