Multiple Choice
Suppose that an economy is currently experiencing 10 percent unemployment and 15 percent inflation.If in the process of bringing inflation down by 2 percentage points,real GDP falls by 6 percent for a year,the sacrifice ratio is
A) 5.
B) 2.
C) 12.
D) None of the above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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