If the Sacrifice Ratio Is Five, It Means That in Order

question 53

Multiple Choice

If the sacrifice ratio is five, it means that in order to reduce inflation by one percentage point, the economy will experience _____.

• A)a reduction of annual output by five percentage points
• B)a rise of annual output by five percentage points
• C)a reduction of annual output by 0.20 percentage points
• D)a rise of annual output by 0.20 percentage points

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Definitions:

Stairs

A set of steps or flights of steps for passing from one level to another, often inside or outside buildings.

Steep

Descriptive of an object or a surface having a sharp inclination or angle.

Perceives

The process of becoming aware of something through the senses.

Softball

A team sport similar to baseball but played with a larger ball on a smaller field and notably includes underhand pitching.