If the Fed Reduces Inflation 1 Percentage Point and This

question 50

Multiple Choice

If the Fed reduces inflation 1 percentage point and this makes output fall 2 percentage points and unemployment rise 3 percentage points for six months,the sacrifice ratio is

• A)1.
• B)2.
• C)3.
• D)4.

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Definitions:

Major Organic Product

The foremost substance formed with the maximum yield in any organic chemical reaction.

Phenylacetic Acid

An organic compound made up of a phenyl group attached to an acetic acid moiety.

Phenylacetonitrile

An organic compound often used as an intermediate in the synthesis of various pharmaceuticals, characterized by a benzene ring attached to a nitrile group.

Toluene

A colorless, water-insoluble liquid hydrocarbon with the chemical formula C7H8, used as an industrial solvent.