If a Central Bank Is to Successfully End a Sustained

question 2

Multiple Choice

If a central bank is to successfully end a sustained inflation, it is essential that it

• A)avoid any loss in national income.
• B)avoid any increase in unemployment.
• C)maintain the sacrifice ratio at a constant level.
• D)do so using a "cold- turkey" approach.
• E)change people's expectations of future inflation.

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Definitions:

Emotional Labour

The effort required to manage and express emotions in a way that fulfills the emotional requirements of a job.

Display Rules

Culturally based guidelines that dictate the appropriate expressions of emotions for a given situation or role.

Discrepancy Theory

A theory that job satisfaction stems from the discrepancy between the job outcomes wanted and the outcomes that are perceived to be obtained.

Job Dissatisfaction

A negative emotional response towards one's job, resulting from a discrepancy between job expectations and realities.