If a Central Bank Reduced Inflation by 2 Percentage Points

question 51

Multiple Choice

If a central bank reduced inflation by 2 percentage points and that made output fall by 1 percentage points for 2 years and the unemployment rate rise from 3 percent to 5 percent for 2 years,the sacrifice ratio is

• A)1/2.
• B)1.
• C)2.
• D)4.

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Definitions:

Morphology

The study of the shape or form of objects.

Coagulation

The process of blood changing from a liquid to a gel, forming a clot to stop bleeding.

Hematology

The study of blood.

Whole blood

denotes blood drawn directly from the body from which none of the components, such as plasma or platelets, have been removed.