If the Sacrifice Ratio Is Five, a Reduction in Inflation

question 31

Multiple Choice

If the sacrifice ratio is five, a reduction in inflation from 7 per cent to 3 per cent would require

• A) a reduction in output of 5 per cent.
• B) a reduction in output of 15 per cent.
• C) a reduction in output of 20 per cent.
• D) a reduction in output of 35 per cent.

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Definitions:

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Glass Ceiling

An unofficial barrier to advancement in a profession, especially affecting women and members of minorities.

Hostile Working Environment

A workplace where harassment and unwelcome conduct make it difficult for employees to work effectively.

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Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature in a workplace or other professional or social situation.