The Sacrifice Ratio Is the

question 35

Multiple Choice

The sacrifice ratio is the

• A)sum of the inflation and unemployment rates.
• B)inflation rate divided by the unemployment rate.
• C)number of percentage points annual output falls for each percentage point reduction in inflation.
• D)number of percentage points unemployment rises for each percentage point reduction in inflation.

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Definitions:

Regent Diamond

A highly famous and historic diamond originally found in India, known for its exceptional size and clarity.

French Crown Jewel

Precious stones and jewels that were part of the French Crown Treasury, symbolizing the wealth and power of France's monarchy.

Indian Mine

Refers to a mining operation within India, an industry that extracts valuable minerals or other geological materials from the Earth's crust.

Slave

A person who is legally owned by another person and is forced to work for them without pay.