The Sacrifice Ratio Is Calculated by

question 56

Multiple Choice

The sacrifice ratio is calculated by

• A)dividing the number unemployed by the labour force.
• B)dividing the number employed by the labour force.
• C)dividing the cumulative loss of real GDP (as a percentage of potential GDP)due to disinflation by the number of percentage points by which inflation fell.
• D)dividing the cumulative loss of potential GDP (as a percentage of actual GDP)due to disinflation by the number of percentage points by which inflation fell.
• E)adding the cumulative loss of real GDP (as a percentage of potential GDP)due to disinflation to the number of percentage points by which unemployment exceeds the NAIRU.

---

Definitions:

Personal Choice

The freedom of individuals to make decisions for themselves, based on personal preferences, beliefs, or values, without external coercion or limitation.

Asian Producers

Refers to manufacturers or creators of goods in Asian countries, often noted for their significant role in global supply chains.

American Culture

A diverse mix of customs, traditions, values, and norms influenced by the historical experiences and social dynamics of the United States.

Big Historical Project

A comprehensive initiative aimed at studying or undertaking activities that have widespread, long-lasting impact on history or historical understanding.