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A Central Bank Disinflates

question 167

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A central bank disinflates. Output is 4% less for one year, 3% less the next year, and 2% less the third year. If inflation fell by 2 percentage points, what was the sacrifice ratio?


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Life Span

The maximum duration of life of a species or individual, from birth to death.

Authoritarian Parents

Parents who are rigid in their rules and who demand obedience for the sake of obedience.

Self-reliance

Self-reliance is the reliance on one's own capabilities, judgment, or resources rather than those of others.

Self-esteem

The confidence and sense of personal value that a person has for themselves.

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