The Estimate of the Sacrifice Ratio from the 1980s Disinflation

question 47

Multiple Choice

The estimate of the sacrifice ratio from the 1980s disinflation in Canada is approximately:

• A)5-6.
• B)3-4.
• C)1-1.5.
• D)0-0.5.

---

Definitions:

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid to the lender over a specific period.

World's Population

The total number of people living on Earth at any given time, an ever-changing figure due to births, deaths, and migration.

Living Standards

The measure of financial wealth, comfortability, possessions in terms of goods, and necessary items afforded to a distinct social class or area.

Birthrates

The number of live births per thousand of the population in a given period, used as an indicator of population growth.