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Typical Estimates of the Sacrifice Ratio Suggest That About 10

Question 1

Multiple Choice

Typical estimates of the sacrifice ratio suggest that about 10 percent of annual output has to be given up in order to reduce the inflation rate from

A) 8 percent to 4 percent.
B) 8 percent to 5 percent.
C) 7 percent to 5 percent.
D) 7 percent to 6 percent.

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