If a Central Bank Reduced Inflation by 2 Percentage Points

question 56

Multiple Choice

If a central bank reduced inflation by 2 percentage points and that made output fall by 3 percentage points for 2 years and the unemployment rate rise from 3 percent to 5 percent for 2 years,the sacrifice ratio is

• A)1.
• B)2.
• C)3.
• D)None of the above is correct.

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Definitions:

Reward Systems

Mechanisms established by organizations to incentivize and recognize employee performance, aiming to enhance motivation, productivity, and job satisfaction.

Antecedent Conditions

Circumstances or events that exist or occur before a particular event, often contributing to its outcome.

Role Ambiguities

Uncertainty or lack of clarity about the expectations, responsibilities, or duties of a particular role within an organization.

Resource Scarcities

Indicate a situation where resources are insufficient to meet the needs or demands, often leading to competition and strategic planning to mitigate such shortages.