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If a central bank reduces inflation 2 percentage points and this makes output fall 3 percentage points and unemployment rise 5 percentage points for one year,the sacrifice ratio is
Q8: The laws that created the Fed give
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Q94: Economists agree that if a monetary policy
Q133: Identify three government policies that discourage saving.
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Q284: Opponents of active stabilization policy<br>A) advocate a
Q298: Initially, the economy is in long-run equilibrium.
Q336: According to the Phillips curve, policymakers would
Q360: Friedman argued that the Fed could use
Q388: During recessions which type of spending falls?<br>A)