Suppose That an Economy Is Currently Experiencing 10 Percent Unemployment

question 67

Multiple Choice

Suppose that an economy is currently experiencing 10 percent unemployment and 15 percent inflation.If in the process of bringing inflation down by 2 percentage points,real GDP falls by 6 percent for a year,the sacrifice ratio is

• A)5.
• B)2.
• C)12.
• D)None of the above is correct.

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Definitions:

Environment Affects

The influence of surrounding physical, social, and cultural conditions on an individual's development and behavior.

IQs

A measure of a person's intelligence as indicated by an intelligence test, where the average score is set at 100.

Intellectual Development

The progression of cognitive abilities, including thinking, problem-solving, and decision-making, from infancy through adulthood.

Identical Twins

Siblings born from the same pregnancy, sharing 100% of their genetic material.