Which of the Following Both Make the Sacrifice Ratio Higher

question 395

Multiple Choice

Which of the following both make the sacrifice ratio higher than otherwise?

• A)the Phillips curve is steep, inflation expectations adjust quickly.
• B)the Phillips curve is steep, inflation expectations adjust slowly.
• C)the Phillips curve is flat, inflation expectations adjust quickly
• D)the Phillips curve is flat, inflation expectations adjust slowly.

---

Definitions:

Master Budget

Comprehensive financial planning document that includes all of a company's financial plans, including sales, production, purchasing, and financial budgets.

Flexible Budget Report

This is a financial report that adjusts to different levels of activity and provides a more accurate comparison of budgeted and actual performance.

Actual Activity

Actual activity refers to the real, measured amount of work completed or resources consumed within a given time frame, often compared against planned or budgeted levels in various contexts, such as accounting or project management.

Static Budget

A projection of budget data at one level of activity.