Examlex
Which of the following approach is used by computer manufacturers such as Compaq and Hewlett-Packard?
Sacrifice Ratio
An economic term that refers to the amount of production or output that must be forgone in order to reduce inflation by one percentage point.
Disinflates
The process of reducing the rate of inflation; a slowing in the rate at which prices increase, typically as a result of monetary policy actions.
Sacrifice Ratio
The sacrifice ratio is an economic concept that measures the cost of reducing inflation in terms of lost output or unemployment.
Disinflates
A process in which the rate of inflation decreases over time but does not turn negative.
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