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If the Sacrifice Ratio Is 3,then Reducing the Inflation Rate

Question 40

Multiple Choice

If the sacrifice ratio is 3,then reducing the inflation rate from 5 percent to 3 percent would require sacrificing

A) 2 percent of annual output.
B) 6 percent of annual output.
C) 8 percent of annual output.
D) 11 percent of annual output.

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